After eight years of dormancy, a Bitcoin (BTC) whale unexpectedly moved $30 million worth of BTC. On November 20, 2013, the exact address received 1,000 BTC, worth $567,600 at the time, Bloxi chair mentioned.
Bitcoin was dormant in one wallet until it was he moved As part of a much larger block it sent approximately 2,100 BTC to two other addresses. One address received 2,000 bitcoins, While the second collected above 99.99 bitcoins.
Bitcoin movements in idle wallets
1,000 BTC was worth $30,090,000. This is more than 53 times the original price of 2013, when bitcoin was only $567. The transaction costs only 0.0016 BTC in fees, which is around $47.15 at the time it is executed.
Over the past eight years, the inactive whale wallet has received minuscule amounts of bitcoin 23 times, apparently destined for dust attacks.
What are dust attacks? This includes hackers and scammers who send tiny amounts of Bitcoin (or other cryptocurrency) to break the privacy of wallets.
advanced blockchain tracker, whale alerttrace The transaction is reported on Twitter as follows:
Idle address contains 1000 #BTC Activated ($30,395,186) after 8.5 years ($468,643 in 2013)!
Bloxery too specified Another wallet that has been dormant since 2012 finally transferred 500 BTC on Thursday. The first deposit of 1 bitcoin was returned on the 5th of April 2012. The wallet then added another 499 bitcoins on the 3rd of June of the same year. The price of Bitcoin at the time was only $5.25 per coin.
However, during that period, the wallet received modest amounts of BTC, which appears to be transaction dusting that scammers use to carry out dust-mining attacks.
Notes and contribution by Satoshi Nakamoto
The creator of Bitcoin has been silent for years, but people still think they know who he is. As a result, transactions from wallets that have been inactive for a long time usually attract media attention. Because it generates gossip speculating that BTC could be owned by the secret creator of Bitcoin, Satoshi Nakamoto.
Nakamoto launched the blockchain on January 3, 2009. Since then, it has successfully mined nearly 1,000,000 BTC, according to an assessment of Blockchain analysts.
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Bitcoin has shown very volatile movements over the past few months; It was at $36,000 a week ago and dropped to $2,5401 last Thursday.
Bitcoin is currently recovering from a market-wide slump. At the time of writing, its value is 13.5% higher than this year’s low and is trading at $29353.
Featured image from Pixabay, and the chart from Tradingview.com