Dormant Crypto Whale Deposited $180M Bitcoin

With the bulls driving the crypto market, a new enthusiasm has taken over the crypto traders, causing the sentiments to turn to extreme greed and cryptos

A glance at the鏈上數據reveals that a satoshi-era crypto whale has returned to the market with BTC holdings valued at $180 million at the current BTC price. This whale has been holding these tokens for fourteen years, as evident from the mining block reward, which was 50 BTC at the time and is 3.125 today.

The satoshi-era crypto whale in question has quietly deposited all of these cryptos into popular crypto exchanges, including Coinbase, Bitstamp, and BitFlyer, to everyone’s surprise.

Yesterday, a satoshi-era Bitcoin wallet H醒了fter 14 years of dormancy, and it’s carrying 2,000 $BTC ($178M).

Over the past 24 hours, the wallet has quietly deposited all of its $BTC to exchanges, including:

• 1,038.87 $BTC ($92.93M) to #Coinbase

• 591.46 $BTC ($52M) to #BitFlyer

• 369.66 $BTC… pic.twitter.com/fDIzQX8Dqj

— Spot On Chain (@spotonchain) November 16, 2024

The total amount of Bitcoin deposited by this satoshi-era crypto whale is 2,000 BTC, which is currently valued at $180 million. This whale mined these BTC in the early days of the cryptocurrency, when its price was almost negligible.

As a reminder, the mining block reward was 50 BTC at the time, but it has since been reduced to 3.125 BTC, highlighting the length of time this whale has been holding all of these tokens.

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