Jamal Al-Farouq On December 18, 2023, a remarkable transfer of bitcoins occurred, involving a significant amount that had been inactive since 2015. A Bitcoin whale reactivated and moved 2,101 BTC, a sum now worth approximately $88.55 million, based on current BTC exchange rates.
$88M in Bitcoin Relocated by a Previously Inactive Whale
Recorded initially on February 17, 2015, a large sum of bitcoins lay dormant until recently, on a Monday, after nearly nine years. The whale, a term for holders of substantial cryptocurrency amounts, shifted 2,101 BTC from a stash accumulated in 2015. The transaction, valued at $88.55 million, took place at block height 821,802. The originating BTC address, “1DJs7,” was flagged by btcparser.com for this significant movement.
Back in 2015, the address “1DJs7” received the 2,101 BTC from another address, “1CJee.” At that time, the total value was approximately $510,543, with the price of each bitcoin at $243. Notably, the wallet “1CJee” had gathered these bitcoins on August 7, 2014, from two different addresses.
In the present day, this previously inactive Pay-to-PubKeyHash (P2PKH) address dispersed the bitcoins to two new addresses. It sent about 1,762.99 BTC to a separate P2PKH address (1GtUy) and transferred 338 BTC to a Bech32 address (bc1qj), employing the Segwit address format. At the time of this report, the aggregate value of $88 million in these addresses remains unspent. The whale incurred an approximate cost of $26.77 or 290 satoshis per virtual byte for this transfer.
According to Blockchair’s privacy tool, the whale showed minimal regard for privacy in this transaction, receiving a privacy score of 0 out of 100. This score was attributed to identifiable matched addresses and other security oversights. Although these coins are not as old as those from 2011 or 2010, the 2,101 BTC still represent a notable sum of ‘sleeping bitcoins.’
Additionally, on December 15, 2023, four addresses from October and December 2016, each seven years old, were reactivated, moving a total of 734.98 BTC. This movement, amounting to $30.93 million, is believed to stem from the same entity, with the first two transactions confirmed at block height 821,361 and the subsequent two at 821,367, happening concurrently.
The intentions behind the movements of these 2015 and 2016 whales remain unclear. It is unknown whether they sold their holdings or simply transferred them for reasons such as enhanced security or address updates. These actions often leave the cryptocurrency community in a state of speculation and intrigue. However, a trend is evident: numerous dormant bitcoins are being reactivated, fueling curiosity and speculation in the cryptocurrency sphere.
What are your perspectives on the 2015 whale’s decision to move 2,101 BTC after such a prolonged period of inactivity? Please share your views and analyses on this intriguing development in the comments below.
Table Of Contents
Frequently Asked Questions (FAQs) about Bitcoin Whale Movement
What happened with the dormant 2015 Bitcoin whale?
A Bitcoin whale, inactive since 2015, transferred 2,101 BTC on December 18, 2023, valued at $88.55 million based on current exchange rates. This movement reactivated a substantial sum of bitcoins that had been dormant for nearly nine years.
How much Bitcoin did the 2015 whale transfer and what was its value?
The whale transferred 2,101 bitcoins, which, at the time of the transaction, were valued at approximately $88.55 million. This transfer occurred after the bitcoins had been inactive for over eight years.
Where did the bitcoins originate from in the 2015 whale transaction?
The bitcoins were originally received in 2015 by the address “1DJs7” from another address “1CJee.” At the time, the total value of the bitcoins was around $510,543, with each bitcoin priced at $243.
What were the transaction details of the 2015 Bitcoin whale?
The whale distributed the bitcoins to two new addresses: around 1,762.99 BTC to a P2PKH address (1GtUy) and 338 BTC to a Bech32 (bc1qj) address. The total transaction cost was approximately $26.77, or 290 satoshis per virtual byte.
What does this Bitcoin whale movement signify?
This movement is significant as it involves a large sum of bitcoins that had been dormant for years, fueling speculation and interest in the cryptocurrency community. It reflects a trend where previously inactive bitcoins are becoming active again, often leading to speculation about the reasons behind such movements.
Is there any connection between the 2015 whale and other Bitcoin activities?
There’s speculation that the same entity was involved in reactivating four seven-year-old addresses on December 15, 2023, which led to the transfer of 734.98 BTC worth $30.93 million. However, the exact connection or intention behind these movements remains uncertain.
More about Bitcoin Whale Movement
- Bitcoin Whale Movements
- Cryptocurrency Market Trends
- Bitcoin Transaction Analysis
- Blockchain Address Activity
- 2015 BTC Transfer Impact
- Historic Bitcoin Transactions
6 comments
wow this is huge, bitcoin whales moving like this always makes me think what’s next?? market’s gonna react for sure..
these old coins waking up is fascinating, shows how much potential value is just sitting around in the bitcoin network
every time I see news like this, makes me wish I’d bought bitcoin way back when, imagine having that much btc to your name…
gotta say, reading about this stuff never gets old, love the mystery behind these dormant addresses, who knows what they’ll do next
not surprised to see these old coins moving, happens all the time but still, 88M is a lot of money, wonder who’s behind it…
kinda scary how much these whales can influence things just by moving their BTC, the market is always on edge with these moves