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🐳 Another ancient whale has made its first transfer in 14.5 years, possibly holding approximately $457 million in $BTC.
According to crypto analyst Ai姨 @ai_9684xtpa, an address made its first external transfer yesterday since January 2011, suspected to belong to a dormant ancient whale for 14.5 years. The recipient address transferred 50 $BTC to another address two hours ago, which has interacted with addresses associated with Coinbase @coinbase, B2C2, and Galaxy Digital. The ancient address currently still holds 3,963 BTC (approximately $457 million), with a historical cost as low as $0.32.
Jul 25, 23:46
Good news: The fossil hand holding 80,000 $BTC has almost finished unloading.
Bad news: Another ancient whale that has been dormant for 14.5 years seems to be looking to unload as well...
This address made its first external transfer since January 2011 yesterday, and the receiving address transferred 50 BTC to address bc1q5,,,zr2xn two hours ago. The latter's ownership is unknown, but it has interacted with addresses associated with Coinbase, B2C2, and Galaxy Digital.
So, how much does this ancient whale hold?
— 3,963 BTC, approximately $457 million, with a cost as low as $0.32.
Fortunately, regardless of the motivation, this ancient whale's volume has decreased significantly. Today, we witnessed that even with 80,000 BTC being dumped, it only caused a "scratch" to the price. So even if this whale wants to unload, it won't have a significant impact on the market. 😆
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