Following the transfer of $60 million worth of bitcoins on April 19, after more than nine years of dormancy, another whale has made its move. The whale, who acquired 1,129 bitcoins in 2012 and 2013, has transferred 464 bitcoins worth $13 million for the first time in nine years.
The price of bitcoin has fallen below the $29K zone and is struggling to hold above the $28K region. On Wednesday, a mysterious bitcoin whale transferred 2,071.5 bitcoins worth $60 million at the time of the transaction. This large stash of coins is associated with the Mt Gox saga and a strange bitcoin address (1McUC) that was linked to two significantly large BTC transfers last year.
At 8:19 a.m. Eastern Time on April 21, the Twitter account @lookonchain tweeted about a new whale that sent old bitcoins dating back to 2012 and 2013. “The whale received [1,129 bitcoin] in October 2012 and May 2013, when prices were $12 and $195,” the social media account said. In response to the tweet, one individual speculated that it was “[probably an] OG Silk Road vendor just released.”
Following the transfer of 278.89 BTC by the aforementioned address and the subsequent tweet by the social media account, the address “12At4” sent another 184.23 BTC. So far, the address that once held 1,129 bitcoin has sent a total of 464 BTC worth $13 million at current bitcoin exchange rates. Bitcoin blockchain parsers have been detecting old whales moving dormant coins for years, but statistics from Btcparser.com show that older bitcoins born in 2009, 2010, and 2011 are becoming rare spends.
According to Btcparser.com and further research, a significant number of older Bitcoin transactions have come from 2016 and 2017 in the past few months. The last known transactions from 2009 occurred just over a year ago on April 7 and 8, 2022, when around five Bitcoin block rewards mined in 2009 were spent in a series of transfers. Prior to that, the last time a 2009 block reward was spent was on March 20, 2020, which was nine days after the infamous “Black Thursday” event.
At the time of writing, the “12At4” bitcoin address still holds 665.65 BTC and the owner’s corresponding bitcoin cash (BCH) address still holds approximately 1,128.77 BCH.
What do you think these recent moves by old bitcoin whales mean for the future of the cryptocurrency market? Share your thoughts and opinions in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards
Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.
Following the transfer of $60 million worth of bitcoins on April 19, after more than nine years of dormancy, another whale has made its move. The whale, who acquired 1,129 bitcoins in 2012 and 2013, has transferred 464 bitcoins worth $13 million for the first time in nine years.
The price of bitcoin has fallen below the $29K zone and is struggling to hold above the $28K region. On Wednesday, a mysterious bitcoin whale transferred 2,071.5 bitcoins worth $60 million at the time of the transaction. This large stash of coins is associated with the Mt Gox saga and a strange bitcoin address (1McUC) that was linked to two significantly large BTC transfers last year.
At 8:19 a.m. Eastern Time on April 21, the Twitter account @lookonchain tweeted about a new whale that sent old bitcoins dating back to 2012 and 2013. “The whale received [1,129 bitcoin] in October 2012 and May 2013, when prices were $12 and $195,” the social media account said. In response to the tweet, one individual speculated that it was “[probably an] OG Silk Road vendor just released.”
Following the transfer of 278.89 BTC by the aforementioned address and the subsequent tweet by the social media account, the address “12At4” sent another 184.23 BTC. So far, the address that once held 1,129 bitcoin has sent a total of 464 BTC worth $13 million at current bitcoin exchange rates. Bitcoin blockchain parsers have been detecting old whales moving dormant coins for years, but statistics from Btcparser.com show that older bitcoins born in 2009, 2010, and 2011 are becoming rare spends.
According to Btcparser.com and further research, a significant number of older Bitcoin transactions have come from 2016 and 2017 in the past few months. The last known transactions from 2009 occurred just over a year ago on April 7 and 8, 2022, when around five Bitcoin block rewards mined in 2009 were spent in a series of transfers. Prior to that, the last time a 2009 block reward was spent was on March 20, 2020, which was nine days after the infamous “Black Thursday” event.
At the time of writing, the “12At4” bitcoin address still holds 665.65 BTC and the owner’s corresponding bitcoin cash (BCH) address still holds approximately 1,128.77 BCH.
What do you think these recent moves by old bitcoin whales mean for the future of the cryptocurrency market? Share your thoughts and opinions in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'
The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.
Xrp plunged to a multi-week low in Friday’s session, as the token slipped for a third consecutive session. The move pushed prices to their lowest point since late March, with the global market cap trading 2.39% lower as of writing. Cardano also fell to a two-week low.
XRP, formerly ripple, was deep in the red on Friday, as prices fell for a third consecutive session.
Following a high of $0.4838 on Thursday, XRP/USD slipped to an intraday low of $0.4644 earlier today.
As a result of this drop, XRP fell to its lowest point since March 27, when the token was at a bottom at $0.4428.
Looking at the chart, this recent shift in momentum coincided with the 14-day relative strength index (RSI) breaking out of a floor at 57.00.
At the time of writing, the index is tracking at 42.24, which is close to a support point at 41.00.
Should price strength reach this point, then there is a good chance that XRP will hit a price floor at $0.4440.
Cardano (ADA) also fell to a multi-week low in today’s session, as prices moved closer to a key price floor.
ADA/USD dropped to a low of $0.3974 on Friday, less than 24 hours after trading at a peak of $0.4087.
This is the lowest level that cardano has hit since April 12, and comes following a three-day losing streak.
Similar to XRP, ADA’s decline came after the RSI moved below a floor at 52.00. It is currently at a reading of 49.18.
The next visible point of support appears to be at 45.00, and should sellers claim this zone, cardano will likely move to $0.3750.
This level is a long-term price floor, and was last hit on April 6.
Register your email here to get weekly price analysis updates sent to your inbox:
Do you expect further declines in cardano during the weekend? Let us know your thoughts in the comments.
Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days
Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.
Xrp plunged to a multi-week low in Friday’s session, as the token slipped for a third consecutive session. The move pushed prices to their lowest point since late March, with the global market cap trading 2.39% lower as of writing. Cardano also fell to a two-week low.
XRP, formerly ripple, was deep in the red on Friday, as prices fell for a third consecutive session.
Following a high of $0.4838 on Thursday, XRP/USD slipped to an intraday low of $0.4644 earlier today.
As a result of this drop, XRP fell to its lowest point since March 27, when the token was at a bottom at $0.4428.
Looking at the chart, this recent shift in momentum coincided with the 14-day relative strength index (RSI) breaking out of a floor at 57.00.
At the time of writing, the index is tracking at 42.24, which is close to a support point at 41.00.
Should price strength reach this point, then there is a good chance that XRP will hit a price floor at $0.4440.
Cardano (ADA) also fell to a multi-week low in today’s session, as prices moved closer to a key price floor.
ADA/USD dropped to a low of $0.3974 on Friday, less than 24 hours after trading at a peak of $0.4087.
This is the lowest level that cardano has hit since April 12, and comes following a three-day losing streak.
Similar to XRP, ADA’s decline came after the RSI moved below a floor at 52.00. It is currently at a reading of 49.18.
The next visible point of support appears to be at 45.00, and should sellers claim this zone, cardano will likely move to $0.3750.
This level is a long-term price floor, and was last hit on April 6.
Register your email here to get weekly price analysis updates sent to your inbox:
Do you expect further declines in cardano during the weekend? Let us know your thoughts in the comments.
Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days
Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.
PRESS RELEASE. In recent years, meme coins have gained significant traction due to various social media trends and hype. This is because these coins are often associated with fun and accessible ways to invest in cryptocurrency. Moreover, they are easy to understand and trade, making them attractive to new investors, particularly millenials and Gen Z, who are attracted to the humour and online culture associated with meme coins.
One of the most popular meme tokens today is Shiba Inu ($SHIB). Several factors contribute to the token’s popularity, including the efforts of a passionate community referred to as the Shib Army. With the help of social media campaigns, memes, and other forms of online activism, this decentralised group of SHIB enthusiasts has promoted the coin and increased its value. At press time, $SHIB has a total market capitalization of $6.4 billion, making it one of the most valuable cryptocurrencies on the market.
$SOV’s strong debut
Karma DAO introduced Shib Original Vision ($SOV) to break down Shiba Inu’s current structure and return to a community-centric strategy. The Inu Economic Forum, with more than 50 members, makes decisions about $SOV rather than relying on a single individual like Ryoshi. Additionally, to ensure the project’s long-term viability and efficacy, its developers have gotten the platform’s smart contract framework audited by popular blockchain security providers MetaTrust and Veridise Inc.
The numbers don’t lie: Shib Original Vision gains traction among users
Since its launch a little over a month ago, $SOV has consistently reached new price peaks seemingly every other week. To elaborate: the currency has appreciated considerably over the last 21-days, achieving a total valuation of over $20 million and a fully diluted valuation exceeding $40 million. During the first day of its release, $SOV recorded $12 million in volume and has since consistently ranked among the top three most-viewed Uniswap V3 pairs on GeckoTerminal.
Moreover, a growing forum of prominent crypto personalities appears to be getting behind $SOV. For example, it recently came to light that prominent digital asset investor Roger Lim, with over $500 million in AUM, has been HODLing $SOV, currently possessing over $155k worth of the token.
Similarly, as per data available online, former Microsoft strategist Joe McCann—who helms Asymmetric, a $1B crypto fund backed by a16z’s Marc Andreessen and Solana cofounders Anatoly Yakovenko and Raj Gokan—has also invested heavily in $SOV. According to Etherscan, he currently owns 1,250,000,000,000 $SOV tokens estimated to be worth nearly $350,000.
What lies ahead for Shib Original Vision?
As the world continues to move in a more decentralized direction, the future of $SOV looks promising. For starters, the project comes with an experienced team of developers behind it—the same folks who created $SHIB. They have a proven track record of successfully developing and launching projects, and their strong track record lends credibility and confidence to the project. They are now channelling their tech prowess into $SOV.
Second, $SOV’s low market cap and solid fundamentals make it an attractive investment opportunity for those willing to assume the risk, as evidenced by the several high-volume investors who have purchased the token. Lastly, the $SOV community is not only passionate and engaged, but also expanding, with many $SHIB supporters now joining the $SOV ecosystem. In fact, on April 15, the project was trending #3 on the top ETH projects on Dextools. This growing support is crucial to consider when evaluating $SOV’s market potential.
While there are undoubtedly some risks associated with investing in $SOV, the combination of a strong development team and dedicated community makes it worth a closer look. As the project continues to evolve and gain momentum, the future of $SOV may hold significant opportunities for those willing to navigate the uncertainty-ridden global economy.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.
Source From : News