A Bitcoin address from the "Satoshi Era" worth $442 million has become the latest sleeping whale to awaken, transferring part of its funds for the first time in 14 years.
According to a post by Whale Alert on Thursday on the X platform, the anonymous holder of this address primarily mined 4,000 Bitcoins (BTC) between April and June 2009, just months after the first blockchain network went live.
On-chain analysis platform Nansen reported that this whale transferred 150 Bitcoins in a single transaction on Thursday, valued at over $16 million.
On-chain data from the Bitcoin blockchain explorer and analysis platform memepool space shows that this whale once held 7,850 Bitcoins. The last time it was active was in June 2011, when it consolidated 4,000 Bitcoins into one address.
Bitcoin was trading at approximately $110,604 on Friday, making the total value of the whale's holdings exceed $442 million. In 2010, when CoinMarketCap began tracking Bitcoin prices in July of that year, its value was $194.
According to another X user, freelance blockchain analyst Emmett Gallic, this whale had held 8,000 Bitcoins across multiple addresses and has been steadily selling from another address.
"A whale that once held 8,000 BTC has activated a new wallet from the Satoshi Era. He has been steadily selling, and after transferring 150 BTC, he is down to 3,850 BTC. Legendary DCA strategy," he said.
Memepool space shows that the whale's address received a total of 7,850 Bitcoins; after the recent transfer of 150, the balance shows 3,850 BTC.
Another Bitcoin whale from the Satoshi Era, holding 80,201 tokens, began transferring its holdings to Galaxy Digital after 14 years of silence in July, with the last transfer occurring on July 16.
Crypto analyst Willy Woo pointed out in June that whales holding over 10,000 Bitcoins have been continuously selling since 2017, in response to X platform users' questions about who is selling amid rising institutional interest.
Traders believe the awakening of old whales is a signal for early holders to consider selling their holdings, but analysts told Cointelegraph in August that the selling by OG (original) Bitcoin holders is not a cause for concern, as new buyers are entering the market, indicating that it is maturing.
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Original article: “Another wallet from the 2009 'Satoshi Era' reportedly awakens and transfers Bitcoin (BTC)”
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