A Bitcoin whale has recently moved 15,000 BTC valued at $252.5 million from a wallet that had not been used in four years to another wallet. This transfer comes as other major Bitcoin holders, also referred to as whales, have been active as the upcoming BTC halving event nears.
Bitcoin Whale Sends 15,000 BTC
A large amount of bitcoin, valued at $252.5 million, was recently transferred from one wallet to another by a Bitcoin whale, according to LookOnChain, a blockchain tracking website. The bitcoin had reportedly been inactive in the original wallet for three and a half years before the transfer took place.
An address “1KUr81” that has been dormant for 3.5 years transferred all 15,000 BTC ($252.5M) out to address “1LGAVQ” today.
Now address “1LGAVQ” holds 26,056 $BTC($439.2M).https://t.co/rK2AV0Hs1C pic.twitter.com/adqtgYUSd9
— Lookonchain (@lookonchain) January 6, 2023
At the time of the transaction, the wallet that received the 15,000 BTC already contained 11,056 BTC. After the transaction, the total amount of BTC in that wallet is now 26,056, which is valued at approximately $439.2 million. When bitcoin was at its highest price, the total value of the BTC in this wallet was approximately $1 billion. However, the value of bitcoin has decreased significantly due to the bear market that began in late 2022
At the time of the transfer, the wallet receiving the Bitcoin (1LGAVQ) already contained 11,056 BTC. After the transaction, it now holds a total of 26,056 BTC, valued at around $439.2 million. When Bitcoin was at its highest price, the total value of the wallet’s holdings was approximately $1 billion. However, the value of Bitcoin has dropped significantly due to the bear market that began in the latter part of 2022
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Data from the blockchain indicates that the Bitcoin whale purchased 15,000 BTC in 2019 and held it in a wallet until transferring it to another Bitcoin whale wallet today. This information is readily available on blockchain explorers, but the identity of the whales remains unknown as their wallet addresses are not linked to any known cryptocurrency exchanges or over-the-counter trading desks