An old Bitcoin account that hasn’t been used for three years just moved about 5,000 Bitcoins, worth about $140 million. The big transfer was divided and sent to three different addresses, as reported by PeckShield, a top company that protects blockchain systems.
Sleeping whales moving
This is not the first time a sleeping Bitcoin address has become active again in the past few months. In August, a Bitcoin address that belonged to the mysterious creator of Bitcoin, Satoshi Nakamoto, became active again after not being used for almost 13 years. The address sent a really big amount of 1,005 BTC, worth about $29. 7 Because this address has been around for a long time, people are talking about whether it could be linked to Satoshi Nakamoto. However, experts warned to be careful and said it is unlikely that these claims are true.
In September, a Bitcoin address that hadn’t been used for six years suddenly had 2,100 bitcoins in it, worth $56. 3 The money was put in this address in October 2017 when Bitcoin was worth much less.
Also, in January, a location that had not been used for 3. 5 years moved all of its 15,000 bitcoins, which was worth around $252. 5 million at that time.
Whales are swimming, Bitcoin stays the same.
Many people wonder why old Bitcoin addresses are being used again. Some think it’s because the owners want to sell their Bitcoin because its value has gone up, or because they’re planning what happens to their money when they die, or because they want to make their money more secure from people trying to analyze the blockchain.
Even though a lot of Bitcoin has been traded, the price is staying about the same at $27,931. 81, only changing a little bit by 0. 3%