Bitcоin

Another bitcoin whale awakes, transfers $7.8 million after a decade of dormancy

A bitcoin whale that has been inactive for a decade transferred 279 bitcoins — worth $7.8 million — to three fresh addresses today.

The wallet in question received 1,128 bitcoins in October 2012 and May 2013, on-chain analyst account Lookonchain tweeted. The price of bitcoin during those transfers was approximately $12 and $195 per coin, respectively.

This latest transfer comes a day after another long-dormant bitcoin whale transferred 2,071.5 BTC — worth $60.7 million — yesterday after nine years of inactivity.

This story is developing and will be updated.

   

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