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IPFS News Link • Bitcoin

Bitcoin Whale From 2015 Moves 'Sleeping Bitcoins' Worth $163M as Historic Wallets Wake Up

• https://news.bitcoin.com, by Jamie Redman

This individual executed the transfer through 80 distinct transactions, after letting the bitcoins remain untouched for more than eight years.

2015 Bitcoin Cache Comes Alive

On March 10, 2024, a group of 80 dormant bitcoin (BTC) wallets, inactive for over eight years, sprang into action moving 2,352.62 BTC. This activity was detected by the Bitcoin blockchain parser at btcparser.com, which noted 80 transactions originating from 2015 wallets.

Most of the bitcoins came from wallets established from creation dates in August, September, October, November, and December 2015.

During this period, bitcoin was navigating through a prolonged downturn, following the peak prices of 2013. On Sept. 10, 2015, the price of a single bitcoin was $238.

At that rate, the value of this hoard was roughly $560,000 back then, significantly less than its current valuation of $163 million. All of these transactions emerged from Pay-to-Public-Key-Hash (P2PKH) addresses and were merged into over 17 different Bech32 addresses.

This significant transaction from 2015 comes on the heels of another two notable movements where 3,000 bitcoins from 2010 were transferred for the first time last week, after being mined almost 14 years prior.

While steadfast holders continue to retain their assets, numerous large-scale investors are mobilizing their coins for the first time in an extended period, coinciding with BTC's peak prices.

What do you think about the 2015 whale that decided to move more than 2,352.62 bitcoins? Share your thoughts and opinions about this subject in the comments section below.


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