Yuri Molchan
Dormant Bitcoin wallet reactivated after 13 years; it contains several million dollars worth of crypto
Popular cryptocurrency tracker Whale Alert spread the word about a dormant BTC whale coming back to life. The last time this wallet happened to show some activity was 13 years ago.
Dormant and active whales selling Bitcoin
Back then, in 2011, the shadow of the mysterious Bitcoin creator Satoshi Kusama was still in the air, as it was just a year after he had gone under the radar.
The awakened wallet whose reemergence was spotted by Whale Alert contained 33 Bitcoins, which is the equivalent of $2,142,474 given the current BTC exchange rate.
As reported by U.Today earlier, another dormant whale transferred a staggering 8,000 BTC to the world’s largest crypto exchange, Binance. That BTC stash was worth slightly more than half a billion U.S. dollars. That wallet reappeared after five and a half years – he bought his crypto assets in December 2018.
Recently, however, whales’ activity has increased overall. On Monday, an anonymous whale transferred 1,800 Bitcoins to Binance, according to the @spotonchain analytics account. It happened right before BTC plunged from $63,800 to the $63,000 level. Over the past week, this whale sent 3,481 Bitcoins worth $217 million to Binance.
German and U.S. governments selling BTC and ETH
Over the past few days, reports have been coming out about the German and U.S. governments selling large amounts of two largest cryptocurrencies – Bitcoin and Ethereum – to crypto exchanges and unknown wallets.
On Monday, both of these entities transferred significant amounts of BTC and ETH. The U.S. government moved 3,375 ETH, evaluated at $11.75 million, to a newly created wallet. The German government transacted 1,500 BTC (the equivalent of $94.7 million). Four hundred BTC of this amount was shoveled to three major centralized exchanges – Bitstamp, Kraken and Coinbase. It still has 44,692 BTC left. This amount of Bitcoin is valued at a mind-blowing $2.81 billion.
The U.S. government had confiscated its Ethereum from Estonian crypto entrepreneurs Potapenko and Turogin, according to the Chinese crypto journalist Colin Wu. These two individuals were recently extradited from Estonia to the U.S. on charges of crypto fraud and money laundering.
About the author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets.
His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.
This news is republished from another source. You can check the original article here
