A wallet that had been inactive for more than 13 years moved 2,100 BTC, equivalent to approximately $147.7 million, on Friday, March 20, according to onchain data recorded by the block explorer Mempool.
The address had received those funds on July 4, 2012, when the total was worth just $13,685. The transfer was executed at 10:27 UTC and consolidated multiple UTXOs into a new output within the same address “1NB3Z”, with a smaller amount sent to a secondary address, possibly taking advantage of lower fees.
The funds remain at the original address and show no label on the analytics platform Arkham, meaning neither the holder’s identity nor the reason for the movement is known. It is a P2PKH address, the oldest Bitcoin wallet format, beginning with the number 1. BTC is trading at around $70,500.
Increased activity is being recorded among old wallets. Last Wednesday, another whale that accumulated 5,000 BTC approximately 13 years ago sold 1,000 BTC for around $71.6 million. That same day, Lookonchain reported that investor Owen Gunden sold 650 BTC for approximately $46.3 million.
Source: https://mempool.space/tx/34eaa4c664e1cbfbfa89fc2a6d4a342a1a11496f496cb2347f98d74fd414a524
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