Key Points
- An ancient Bitcoin whale has transferred $630,000 worth of Bitcoin to Kraken, sparking renewed interest in its transactions.
- This whale, from the early days of Bitcoin, has moved nearly $5.5 million BTC in the past two months, still holding $75.23 million in assets.
The recent transfer of $630,000 worth of Bitcoin (BTC) by an ancient Bitcoin whale to Kraken has sparked renewed interest in its transactions.
The Bitcoin whale, also known as a Satoshi-era wallet, first mined its coins in the early days of BTC in 2009.
Recent Whale Activity
According to Arkham Intelligence, this long-dormant address made a significant transfer to Kraken on the 14th of October.
This whale has moved nearly $5.5 million BTC in the past two months while still holding a staggering $75.23 million in assets.
Satoshi Speculations
HBO’s recent documentary, “Money Electric: The Bitcoin Mystery,” suggested that Peter Todd may be the mysterious figure behind Bitcoin’s creator, Satoshi Nakamoto.
However, Todd has publicly denied these claims, stating, “I am not Satoshi”.
Some speculate that the recent transfer by the ancient BTC whale was a strategic move to capitalize on the buzz surrounding Satoshi Nakamoto’s identity.
The whale had made another transaction of the same size on the 7th of October, one day before the documentary was aired.
Previous Whale Transfers
Analysts at Arkham Intelligence highlighted another transaction on the 24th of September.
The original Bitcoin miner possessed approximately $77 million worth of BTC and “woke up” on-chain just three weeks ago after a decade of inactivity.
Their holdings increased from $474,000 to an impressive $80 million during that dormant period.
In May 2020, many believed that Satoshi had initiated a transfer from a long-dormant wallet, which briefly impacted Bitcoin’s price.
However, subsequent investigations revealed that this transaction had no ties to Satoshi.
Satoshi-era Bitcoin Movements
The trend of Satoshi-era Bitcoin movements gained attention in November 2020 when 50 coins, worth over $700,000 at the time, were transferred to a single address after remaining untouched since 2010.
This initial transaction was soon followed by a series of four additional transactions that collectively “awakened” over $30 million worth of BTC.
In February and March 2021, nearly 7,000 BTC attributed to the Satoshi era were activated.
While the reasons behind these significant movements remain unclear, the consistent factor influencing these decisions appears to be the price dynamics of the digital asset.
The recent activity from the Bitcoin whale confirmed this, as the transfer occurred amid the cryptocurrency’s bullish market performance.
