3 Satoshi-Era Bitcoin Whales Come Alive After 6 Years, Transfer $230M In A Day

Three Bitcoin BTC/USD wallets, dormant since the Satoshi period and last active six years ago, have transferred Bitcoins amounting to around $230 million.

What Happened: Bitcoin whale wallets from the early stages of the Bitcoin network, often referred to as the ‘Satoshi-era’, have moved a total of 6,500 BTC. Data from BitInfoCharts reveals that the first wallet moved 2,550 BTC ($90 million). The second wallet transferred roughly 2,000 BTC ($71 million), and the third wallet moved around 1,950 BTC ($69 million).

See Also: Bitcoin, Ethereum, Dogecoin Swing In Mixed Trade Ahead Of Fed Interest Rate Decision: Analyst Sees ‘Gorge

The three wallets have a similar history, with their last activity recorded on Nov. 5, 2017. The Bitcoin in these wallets dates back to July 2011 and is associated with F2Pool, a Bitcoin mining pool, suggesting the source of these Bitcoins could be early Bitcoin mining.

Although it is not confirmed whether these wallets belong to the same owner, the wallet history and transaction patterns suggest this possibility.

This massive transfer comes just after the BTC price reached a new yearly high, surpassing $35,000.

Price Action: At the time of writing, Bitcoin was trading at $34,617.55, down 2.61% in the last 24 hours, according to Benzinga Pro.

Photo via Shutterstock

Read Next: Bitcoin, Ethereum, Dogecoin Surge Amid Spot BTC ETF Optimism — Analyst Predicts Game-Changing Breakout Fo

Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.