Bitcoin Whale Moves $34 Million in BTC Originally Acquired in 2013 at $131
(1 hour ago) · 1 source · Summarized by CryptoBipto
A large Bitcoin holder, commonly referred to as a whale, moved approximately $34 million worth of BTC that was originally obtained in 2013 when Bitcoin traded at around $131 per coin. The transaction was spotted on the blockchain and reported by CoinDesk. The purpose of the transfer and the identity of the wallet owner remain unknown.
WHY IT MATTERS
Bitcoin's blockchain is like a public ledger — anyone can see when coins move from one address to another, even if they do not know who owns the addresses. A "whale" is a term used in crypto to describe someone who holds a very large amount of cryptocurrency, similar to how a whale is the biggest creature in the ocean. When a whale moves coins that have been sitting untouched for over a decade, it draws attention because people wonder whether the owner might be preparing to sell. However, moving coins between wallets does not necessarily mean a sale is happening. This event also illustrates how dramatically Bitcoin's price has changed since 2013, when these coins were acquired at $131 each.
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- coindesk.com
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