Bitcoin: 10 Year Dormant Whale Wallet Transfers Nearly 1500 BTC

Lavina Daryanani
Source: Pixabay

A dormant address containing nearly 1500 Bitcoin [BTC] recently got activated after a period of 10.2 years. The transfer was first spotted by blockchain tracker and analytics system reporter Whale Alert. According to on-chain data, the transaction took place on June 8, 2023 at 05:23:06 UTC

Specifically, the whale transferred all the 1,432.93 coins to a new address. A fee of 0.0010743 BTC, or $28.38, was endured by the whale to facilitate the same. On-chain smart money tracker Lookonchain pointed out,

“The whale received 1,432.92 BTC on Apr 9, 2013, when the price was $195.4.”

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On the macro-front, the dormant supply has been on the rise since the beginning of this year. Data from Glassnode revealed that the amount of supply last active 2 years to 3 years just reached a 5-year high of 2,980,770.566 BTC, justifying the said narrative.

Source: Glassnode

Parallelly, the number of non-zero addresses also continue to rise. In fact, they clinched a new all time high of 47,543,668 today, indicating that market participants continue to add BTC to their bags. Alongside, the number of addresses possessing more than 0.1 coins also recently attained peak of of 4,385,581.

Here, it is also interesting to note that the market has also managed to move-on from the “fear” phase. On Thursday, the Bitcoin Fear and Greed Index flashed a neutral reading of 50, bringing to light the refining trend. At press time, Bitcoin was seen exchanging hands at $26.5k.

Also Read: Korean Traders Pick XRP, Dogecoin Over Bitcoin, Ethereum in 2023