{"id":85528,"date":"2023-10-10T11:33:11","date_gmt":"2023-10-10T08:33:11","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=85528"},"modified":"2025-09-12T23:51:50","modified_gmt":"2025-09-12T20:51:50","slug":"bitcoin-whale-emerges-from-six-year-dormancy","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-whale-emerges-from-six-year-dormancy\/","title":{"rendered":"Bitcoin whale emerges from six-year dormancy"},"content":{"rendered":"<p>The wallet holder with 2,995 BTC (~$82.8 million at the time of writing) moved the coins for the first time in six years. He distributed the amount across two new addresses.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">A whale that had been dormant for 6 years transferred all 2,995 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> ($82.3M) to 2 new addresses 10 hours ago.<\/p>\n<p>This whale received 3,200 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> ($1.47M) on May 7, 2016, when the price of <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> was $459.<a href=\"https:\/\/t.co\/aUvQnz7DwK\">https:\/\/t.co\/aUvQnz7DwK<\/a> <a href=\"https:\/\/t.co\/hNcET0ujKk\">pic.twitter.com\/hNcET0ujKk<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1711567189625692624?ref_src=twsrc%5Etfw\">October 10, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to Lookonchain, in May 2016 the Bitcoin whale received 3,200 BTC. The price of the cryptocurrency at that time was $458.7, and the value of the funds in the wallet was around $1.5 million.<\/p>\n<p>In September 2017, the address owner transferred about 205 BTC from it. At that time the price of Bitcoin rose to $4,623, and the transaction amount totaled $13.8 million.<\/p>\n<p>The remaining funds remained unmoved until October 9, 2023.<\/p>\n<p>In June, ARK Invest analysts noted that the share of the first cryptocurrency that had not moved for more than a year <a href=\"https:\/\/u1f987.com\/en\/news\/dormant-bitcoin-supply-hits-a-record-high\">reached a maximum<\/a> at 70% of the total market supply.<\/p>\n<p>Experts at Henley &#038; Partners <a href=\"https:\/\/u1f987.com\/en\/news\/experts-identify-28-crypto-billionaires\">estimate<\/a> that there are six Bitcoin billionaires in the world and another 22 holders of wealth over $1 billion with assets in various cryptocurrencies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The wallet holder with 2,995 BTC (~$82.8 million at the time of writing) moved the coins for the first time in six years. He distributed the sum across two new addresses.<\/p>\n","protected":false},"author":1,"featured_media":85529,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1227],"class_list":["post-85528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-transactions"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=85528"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85528\/revisions"}],"predecessor-version":[{"id":85530,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/85528\/revisions\/85530"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/85529"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=85528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=85528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=85528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}