**Crypto News Update: Dormant Bitcoin Wallet Takes Action After Years of Inactivity**
In a noteworthy development, an “ancient Bitcoin wallet” that has been dormant for nearly a decade has made a significant move involving Bitcoin (BTC), as revealed by on-chain data from Arkham Intelligence.
An early Bitcoin whale, who mined the cryptocurrency back in early 2009, recently transferred a portion of their holdings to the crypto exchange Kraken. This event follows closely on the heels of another Bitcoin whale from the same era who re-emerged after a 15-year hiatus, executing a transaction worth $16 million in BTC.
Today, just over a month following the network’s launch, this mining whale sent 5 BTC (approximately $300,000) to Kraken. According to Arkham’s data, the whale still retains a substantial 1,215 BTC, valued at around $77 million. The BTC in question was mined in February and March of 2009, shortly after Bitcoin’s enigmatic creator, Satoshi Nakamoto, introduced the network to the world.
“Ancient Bitcoin whale sends BTC to Kraken,” Arkham announced in a recent post. This particular wallet had previously conducted transactions between 2011 and 2014 but had remained inactive for nearly ten years until now.
In the past three weeks, this whale has executed three separate transactions, transferring a total of 10 BTC to Kraken. This activity is part of a wider trend involving dormant wallets from the “Satoshi Era” (2009-2011), a time when Nakamoto was still engaged with the Bitcoin community. Just last week, another wallet from this period transferred $16 million worth of BTC for the first time in 15 years. Notable past movements include a July 2023 transfer of $30 million worth of Bitcoin from a wallet inactive for 11 years and a December 2022 transaction where over 1,000 BTC were sent to exchanges, likely for liquidation.
*This article does not constitute investment advice. To explore more than 300 cryptocurrencies, consider registering with the Binance exchange for a 20% commission discount via this link!*
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