Bitcoin Whale Transferred $37 Million After Ten Years of Inactivity

What is bitcoin and how does it work in simple terms
What is bitcoin and how does it work in simple terms

An unknown address transferred 1,432.93 BTC (~$37.8 million at the time of the transaction) to another wallet after ten years of hibernation.

According to Lookonchain, the investor purchased the first cryptocurrency on April 9, 2013 at an average rate of $195 per coin.

At the time of writing, Bitcoin is trading at $26,471. The asset is up 1.7% over the past 24 hours, according to CoinGecko.

15-minute BTC/USDT chart of the Binance exchange. Data: Trading View.

In April, an unknown user, inactive for 12 years, moved 400 BTC worth over $11 million.

In the same month, 278 BTC, which had been inactive for over 10 years, began to move.

Previously, the investor sent 6071 BTC after nine years of hibernation. Telegram channel GFiSchannel suggested that the original owner of the Mt.Gox exchange and the creator of Ripple, Jed McCaleb, could be behind the transactions.

Recall that in February, 2.04 million DOGE, inactive for nine years, came into motion.

In March, three whales transferred 244,148 ETH in total with an interval of several minutes.

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