Bitcoin, which has been dormant for over 10 years, moves worth 5.2 billion yen Reason for remittance is unknown

Confirm bulk remittance

“Lookonchain”, which analyzes blockchain, reported on the 8th that about 1,432 BTC (equivalent to 5.2 billion yen) of crypto assets (virtual currency) Bitcoin (BTC) that had not moved for more than 10 years had been remitted.

A BTC whale that has been dormant for 10.2 years transferred all 1,432.93 $BTC($37.8M) to a new address”bc1psv” 5 mins ago.

The whale received 1,432.92 $BTC on Apr 9, 2013, when the price was $195.4.https://t.co/17R0UqEBKC pic.twitter.com/e0LkSfn5t3

— Lookonchain (@lookonchain) June 8, 2023

The data used by Lookonchain is “BitInfoCharts”. According to this data, the target address deposited 1,432.92 BTC on April 9, 2013. Bitcoin price at that time was 1 BTC = $ 195.4 (about 27,140 yen at the current rate).

The remittance was made yesterday at 14:23 on the 8th. A large amount of bitcoin that has not moved for a long time has been sent in the past, and if the destination is an exchange, it may lead to selling pressure, so it attracts a lot of interest from many investors. .

According to BitInfoCharts, this time all bitcoin was transferred to the new address. This is the first time that this address has received money, and the balance at the time of writing this article is 1,432.93 BTC. The purpose of the remittance has not been clarified.

Past examples

In April of this year, Bitcoin remittances were reported for two days in a row as an example of Bitcoin that had been dormant for many years. On April 20th, 2,071.5 BTC (equivalent to 8.1 billion yen at the exchange rate at that time), which had not moved for over 9 years, was remitted, and on the 21st, 279 BTC (equivalent to 1 billion yen at that time), which had been dormant for over 10 years, was remitted.

Regarding bitcoin, there are voices of concern about the repayment of the virtual currency exchange Mt.Gox (Mt.Gox), which went bankrupt in 2014, but at that time, there were reports of fraudulent outflow damage of Ethereum (ETH). . Regarding the remittance in April, there was also speculation that Bitcoin may have been evacuated from the old wallet to the new wallet due to concerns about hacking.

connection: Bitcoin that has not moved for more than 9 years has been moved, worth a total of 9 billion yen in 2 days

According to data from LookIntoBitcoin, as of June 1, more than 14% of the supply of bitcoins that have not moved for more than 10 years.

connection: Mt. Gox expires creditor payment information registration deadline, prepares to start payment

The post Bitcoin, which has been dormant for over 10 years, moves worth 5.2 billion yen Reason for remittance is unknown appeared first on Our Bitcoin News.