Fun

While BTC Skyrocketed to $69K, Whale From 2013 Transfers $147 Million Worth of ‘Sleeping Bitcoins’

News Feed - 2021-11-11 07:11:55

While BTC Skyrocketed to $69K, Whale From 2013 Transfers $147 Million Worth of "Sleeping Bitcoins"


Following the string of 20 block rewards spent on Wednesday, an idle bitcoin wallet that was created on July 10, 2013, transferred 2,207 so-called ‘sleeping bitcoins’ worth over $147 million. Both of these massive transactions took place on the same day bitcoin reached an all-time price high at $69,000. 2013 Whale Transfers 2,207 Bitcoin Worth $147 Million On Wednesday, November 10, 2021, a ‘forgotten’ stash of bitcoins that sat idle for eight years and four months woke up for the first time since the wallet’s creation. The action was caught by Btcparser.com and the massive whale spent 2,207 bitcoin worth well over $147 million. The original address was first created on July 10, 2013, and it contained approximately 2,207.60 BTC which was split into two addresses. The first output sent 300 BTC while the second output sent 1,907.5997 BTC and the rest of the funds were used for network fees. The privacy of the transaction from 2013 got a score of 45 (low privacy) on Blockchair’s privacy-o-meter transaction tool. A total of three vulnerabilities were discovered in the transaction worth $147 million and one included matched addresses that were identified.


Today’s whale action is similar to the dormant address move with a wallet stemming from the same year saw strange activity in May 2021. At the time, the activity from bitcoins obtained in 2013, also saw re-distribution transfer. The transferred 2,207 bitcoins worth over $147 million that derived from an address created on July 10, 2013, follow the 20 block reward whale spend that happened at around 1:30 a.m. (ET). The 20 decade-old block rewards from 2010 spent on Wednesday saw a “critical” privacy score on Blockchair’s privacy-o-meter and scored a zero. The transaction which saw the movement of 1,000 BTC from 2010 suffered from a total of five privacy vulnerabilities. Unlike the 1,000 BTC transfer which saw the transfer of the corresponding bitcoin cash (BCH), but not the transfer of the 1,000 bitcoinsv (BSV), the 2013 whale move did not touch the BCH or BSV. There are 2,207 bitcoin cash unspent waiting in the original address today worth $1.5 million and 2,207 bitcoinsv worth $426,000 sitting idle as well. BTC/USD via Bitstamp at 5:30 p.m. Eastern Standard on Wednesday, Nov. 10, 2021. Between the 2010 whale and the 2013 whale, 3,207 BTC was transferred by just two entities, as bitcoin (BTC) skyrocketed to $69K on Wednesday. BTC dropped in value after tapping the $69K handle to a low of $62,857 at 4:30 p.m. (ET) on November 10.


What do you think about the massive 2013 whale transfer that took place the same day 20 block rewards from 2010 were spent and BTC smashed an all-time price high? Let us know what you think about this subject in the comments section below. Brave Browser to Integrate Solana Support NEWS | 14 hours ago Venezuelan Court Rolls Back Seizure of More Than 1,000 Bitcoin Miners NEWS | 15 hours ago Tags in this story $147 million, 2010 whale, 2013 whale, 2207 bitcoin, 2207 BTC, BCH, bitcoin cash, bitcoin whale, bitcoinsv, Block reward, Blockchair, BSV, BTC, BTC Whale, Btcparser.com, massive whale, re-distribution transfer, sleeping bitcoins


Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

News Feed

El Salvador Establishes National Bitcoin Office to Manage ‘All Projects Related to the Cryptocurrency’
El Salvador Establishes National Bitcoin Office to Manage "All Projects Related to the Cryptocurrency" After the Salvadoran president Nayib Bukele revealed the country would buy a
Facebook Was Wooing Regulators Before Controversial Libra Reveal
Facebook sat down with the United Kingdom"s finance ministry, the central bank, and other regulatory officials in what was presumably a pre-emptive move to win favor before announcing its own self-titled cryptocurrency,
Fintech and Bitcoin Payments Firm Zebedee Raises $35 Million From Kingsway Capital, Square Enix
Fintech and Bitcoin Payments Firm Zebedee Raises $35 Million From Kingsway Capital, Square Enix On Tuesday, the fintech and payment processor Zebedee announced the company has rais
XRP Price: Analyst Says Expect Biblical Move Before Historic Crash – Here Are The Targets
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Ethena Labs adds Bitcoin backing to its USDe synthetic dollar
Brayden Lindrea8 hours agoEthena Labs adds Bitcoin backing to its USDe synthetic dollarUSDe is already backed by Ether, Ether-based liquid staking tokens and Tether, but Ethena says Bitcoin will provide a more “safe”
5 Crypto Presales Trending This January You Don’t Want to Miss
Este artículo también está disponible en español. There have been some heavy-belt XRP ($XRP) and Dogecoin ($DOGE) buyers in the last two days, for a combined total of $2.
Popularity of Crypto Investments Makes Case for Regulations, Australian Securities Watchdog Says
Popularity of Crypto Investments Makes Case for Regulations, Australian Securities Watchdog Says High rates of crypto ownership, with purchases often made on advice from Youtube an
Popular Bitcoin ATM Operator: Bitcoin of America Working With WGN Radio to Promote Cryptocurrency Education
Popular Bitcoin ATM Operator: Bitcoin of America Working With WGN Radio to Promote Cryptocurrency Education press release PRESS RELEASE. Bitcoin of America (BOA) is a popular virtua
From a $32 Billion Valuation to Financial Troubles: An In-Depth Look at the Rise and Fall of FTX
From a $32 Billion Valuation to Financial Troubles: An In-Depth Look at the Rise and Fall of FTX During the last two days, the cryptocurrency community has been dealing with the FT
Mt. Gox shifts $2.5B in Bitcoin to unknown wallet, repayments top 40%
Tom Mitchelhill3 hours agoMt. Gox shifts $2.5B in Bitcoin to unknown wallet, repayments top 40%Mt. Gox transferred 37,477 BTC to a new wallet, while data shows that 40% of creditor repayments have now been distributed.23
Report: Blockchain.com Cuts Staff by 25%, Executive Salaries Reduced
Report: Blockchain.com Cuts Staff by 25%, Executive Salaries Reduced According to a recent report, Blockchain.com has laid off a quarter of the company’s staff and it has cl
Bitcoin Network Activity Hits New 2025 Peak — What This Means For Price
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu