After 14 years of sleep, 20,000 bitcoins were moved this morning, $ 2.17 billion. What do we know about these movements?
20,000 bitcoins move after 14 years of sleep
Regularly, a dormant address containing a large sum in Bitcoin (BTC) wakes up after a long period of inactivity. This may be due to multiple factors, such as a desire to take advantage, or simply by need to move funds to a potentially better secure address.
This morning, it's not one, but 2 addresses that woke up at the same time after 14 years of inactivity, each containing no less than 10,000 BTC. For one, the transaction took place at 5:39 am, and for the second, at 6:21 a.m.
If we line these two transactions, it is because the 20,000 bitcoins in question came at the origin of a single address, which moved the funds in 2 parts also on April 2 and 3, 2011:
Transactions on the original address of 20,000 bitcoins
👉 To go further – where and how to buy bitcoin (BTC)?
When writing these lines, The 20,000 BTCs are on 2 separate addresses who had no history before today:
- BC1QMNJN0L0KDF3M3D8KHC6CUKJ8DEAKG8M588Z24G
- 1GCCK347TMBZHRPDOVVJDR6EYECYQHCIU
While in 2011, the funds were barely $ 16,000, when the BTC was worth just $ 0.8, it is now a question of $ 2.17 billion. Currently, the Bitcoin price is actually $ 108,700, down 0.8 % over 24 hours.
For the moment, where people behind these movements are not known, just like the reason for this.
Buy bitcoin easily with etoro
Source: Blockchain.com
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Since 2021, I have devoted my free time to seriously train myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to carry out interviews with influential personalities from the blockchain industry. I also conduct in -depth analyzes on web3 themes to offer exclusive content to cryptoast readers.
Vincent Mayor
1910 articles
