2020-Era Bitcoin Whale Moves $377.6M but Coins Stay Off…
By Abdelaziz Fathi
AI summary of the source article
A dormant bitcoin wallet transferred approximately 4,582 BTC worth $377.6 million across five addresses on October 12. The recipient addresses have not moved the funds further and have not been identified as exchange deposit addresses.
Why it matters
That distinction matters because an onchain transfer shows that previously dormant supply has become active, but does not establish that those coins are entering the market.
Key facts
- Wallet 18VmXvkF4cgLi35RtMiHHDpvMjUCyVpQ9x moved approximately 4,582 BTC worth $377.6 million on October 12.
- Four recipient addresses received exactly 1,000 BTC each, while a fifth address received approximately 582 BTC.
- The wallet had originally received the 4,582 BTC on March 3, 2020, when the position was valued at around $40.8 million.
Source excerpt · FinanceFeeds
A bitcoin holder that received thousands of coins days before the March 2020 COVID market crash has moved approximately 4,582 BTC worth $377.6 million, bringing a six-year-old position back into motion without yet providing evidence of a sale. Wallet 18VmXvkF4cgLi35RtMiHHDpvMjUCyVpQ9x transferred the bitcoin on October 12 to five addresses. Four received exactly 1,000 BTC each, while the fifth rec…