2011 Bitcoin Whale Moves Tens of Thousands of BTC
The post 2011 Bitcoin Whale Moves Tens of Thousands of BTC appeared on BitcoinEthereumNews.com. Key Points: A 2011 Bitcoin whale transferred tens of thousands of BTC. The wallet held over 200,000 BTC, worth $22 billion. No definitive signs of immediate market impact observed yet. A Bitcoin whale address, active since 2011, this week transferred tens of thousands of BTC, raising intrigue within the crypto sector. The address is estimated to have originally contained 200,000 BTC. This transfer highlights potential impacts of long-dormant wallets on current market conditions, yet no immediate sell-off has been identified. 2011 Bitcoin Whale Transfers Billions in BTC Owners of the Bitcoin address, likely a single miner from 2011, moved tens of thousands of BTC. Conor Grogan of Coinbase indicated this address consolidated 180 mining reward blocks. The wallet ranks among the top five BTC holders with over 200,000 BTC at its peak, roughly valued at $22 billion. The community has noted no significant selling pressure from this wallet. Historically, dormant wallets activating cause market speculation, yet no evidence links the transfer to exchanges. “The ancient whale that transferred tens of thousands of BTC today seemed to be a single miner in 2011. The miner integrated 180 mining reward blocks and had a wallet address containing 200,000 bitcoins in 2011, which is about $22 billion at the current value, making it one of the top five bitcoin wallets in history.” — Conor Grogan, Director of Product Strategy and Business Operations, Coinbase Stable Market Conditions Despite Whale Activity Did you know? Reactivate movements in Bitcoin that were dormant for over a decade typically spark market speculation and can lead to adjusted trading volumes, yet often there’s no immediate price drop unless large-scale liquidations occur. Bitcoin (BTC) specifics from CoinMarketCap reflect a stable outlook despite historical precedents. BTC’s price reached $108,058.99, with a market cap of $2.15 trillion, 64.74% market dominance, and a…
The post 2011 Bitcoin Whale Moves Tens of Thousands of BTC appeared on BitcoinEthereumNews.com.
Key Points: A 2011 Bitcoin whale transferred tens of thousands of BTC. The wallet held over 200,000 BTC, worth $22 billion. No definitive signs of immediate market impact observed yet. A Bitcoin whale address, active since 2011, this week transferred tens of thousands of BTC, raising intrigue within the crypto sector. The address is estimated to have originally contained 200,000 BTC. This transfer highlights potential impacts of long-dormant wallets on current market conditions, yet no immediate sell-off has been identified. 2011 Bitcoin Whale Transfers Billions in BTC Owners of the Bitcoin address, likely a single miner from 2011, moved tens of thousands of BTC. Conor Grogan of Coinbase indicated this address consolidated 180 mining reward blocks. The wallet ranks among the top five BTC holders with over 200,000 BTC at its peak, roughly valued at $22 billion. The community has noted no significant selling pressure from this wallet. Historically, dormant wallets activating cause market speculation, yet no evidence links the transfer to exchanges. “The ancient whale that transferred tens of thousands of BTC today seemed to be a single miner in 2011. The miner integrated 180 mining reward blocks and had a wallet address containing 200,000 bitcoins in 2011, which is about $22 billion at the current value, making it one of the top five bitcoin wallets in history.” — Conor Grogan, Director of Product Strategy and Business Operations, Coinbase Stable Market Conditions Despite Whale Activity Did you know? Reactivate movements in Bitcoin that were dormant for over a decade typically spark market speculation and can lead to adjusted trading volumes, yet often there’s no immediate price drop unless large-scale liquidations occur. Bitcoin (BTC) specifics from CoinMarketCap reflect a stable outlook despite historical precedents. BTC’s price reached $108,058.99, with a market cap of $2.15 trillion, 64.74% market dominance, and a…
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