A Bitcoin whale has transferred 8,000 units of BTC
According to blockchain analytics firm Arkham Intelligence, “A Bitcoin whale has transferred 8,000 Bitcoin (BTC) valued at USD 536.5 million from a Coinbase cold storage wallet after five and a half years of inactivity.”
As reported, “That wallet then transferred all the Bitcoin to the Binance deposit address ‘15u4H...rMsLa’ exactly one block and 11 minutes later, according to Arkham's data. No test transactions were made prior to the two transfers."
A somewhat controversial tidbit is that, “While it is unclear whether the owner of the Bitcoin wallet liquidated his funds, the transfer marked an increase of nearly 1,700% from its acquisition price of USD 3,750 on December 5, 2018”
Now, according to an April 24 report from Chainalysis and Fortune, “While at least one early Bitcoin wallet tends to become active every month, nearly 1.8 million Bitcoin addresses have remained dormant for more than a decade.”
However, “many of these wallet owners have lost or forgotten the recovery phrases needed to access their Bitcoin, so it is unclear how much of this can be recovered”
SOURCES CONSULTED
Cointelegraph. Dormant Bitcoin wallet moves $536M after over 5-year hiatus. Link
OBSERVATION:
The cover image does not belong to the author: @lupafilotaxia, the image was taken from: Cointelegraph
it will be great for those who forget theri wallet addresses
That is really a very huge number of bitcoin unit that was really transferred if I should comment