The crypto sphere is buzzing again as another “ancient whale” has made its mark on the blockchain radar. Arkham Intelligence, a keen watcher of blockchain moves, reported Monday that a long-dormant Bitcoin whale moved a fresh chunk of their holdings to Kraken, a major American crypto exchange. What sets this whale apart isn’t just the size of the stash, but its origin — dating back to the dawn of Bitcoin in 2009, during what many call the “Satoshi era.”
Whale’s Next Move: Another Chunk of Digital Gold
At the start of this month, this same whale, known for scooping up Bitcoin five days after the very first block was mined, offloaded nearly $3.6 million worth of BTC to Kraken. Now, Arkham has confirmed another transaction: $630,000 in digital gold moved to the exchange, raising eyebrows across the cryptosphere. Over the past two months, this whale has now transferred a total of $5.47 million to Kraken, sparking interest in both the coins’ age and potential market impact.
These coins were mined just days after Bitcoin’s genesis block, so their historical significance weighs heavily. While today, Bitcoin trades at $65,000+ per coin, the whale’s 1,139.2 BTC trove is valued at roughly $74.5 million in total. It’s no small feat that this whale, sitting on coins older than many of today’s BTC holders, has only now decided to take action.
Small Moves, Big Ripples
In whale terms, $630K isn’t exactly a splash, but it’s a reminder of the weight these ancient holders carry. Crypto analysts often note that when a whale moves coins, the market can flinch — traders fear a sell-off is looming. Historically, these whales have the power to nudge Bitcoin’s price downward, as traders anticipate large dumps leading to market corrections.
This recent movement, however, stands out for its age more than its financial heft. Coins from the early days of Bitcoin, especially those mined so soon after the network’s launch, stir curiosity and speculation about the identity of early miners and their plans. Some even ponder if these whales know something others don’t.
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