Vintage Bitcoin Whale Sends 5 BTC to Kraken After Years of Inactivity

An early bitcoin whale has made waves in the crypto world, according to the onchain analytics platform Arkham Intelligence.

A bitcoin whale from the early days of the cryptocurrency has transferred five bitcoins to the centralized exchange Kraken, sparking curiosity within the crypto community.

According to the onchain analytics platform Arkham Intelligence, this whale mined bitcoin in the first two months of 2009, shortly after the Genesis block was launched. The platform’s analysis further reveals that the whale’s bitcoin had remained untouched for nearly a decade.

Arkham Intelligence Highlights Vintage Bitcoin Whale Transferring 5 BTC to Kraken

The platform’s analysis suggests that the whale’s bitcoin was mined in February and March of 2009, making it part of the second batch of mined bitcoin block rewards. The earliest block rewards to be spent in over a decade were 250 BTC that were transferred from addresses holding five block rewards from Bitcoin’s early days.

The latest whale’s activity spans several years, with the earliest movements being observed in 2011. “After moving several times from 2011-2014, his bitcoin was then held dormant for almost 10 YEARS straight – during which it increased in value from $474K to over $80M,” Arkham stated.

The onchain intelligence firm also noted that this whale has been waking up in stages over the last three weeks and has already moved 10 bitcoin to Kraken in three separate transactions.

“This whale woke up around 3 weeks ago, and has moved 10 Bitcoin to Kraken so far in 3 separate transactions … Why are these early bitcoin whale wallets suddenly waking up?”

As early adopters dust off their holdings after years of inactivity, the motivation behind their actions has become a subject of interest. Whether this points to wider trends or personal strategy adjustments is a matter of speculation.

However, the revival of these vintage wallets has onchain analysts keeping a close eye on the situation.

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