{"id":9554,"date":"2021-07-13T20:55:18","date_gmt":"2021-07-13T20:55:18","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/whale-from-2012-transfers-740-bitcoin-worth-26m-after-btc-sat-idle-for-9-years\/"},"modified":"2021-07-13T20:55:18","modified_gmt":"2021-07-13T20:55:18","slug":"whale-from-2012-transfers-740-bitcoin-worth-26m-after-btc-sat-idle-for-9-years","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/whale-from-2012-transfers-740-bitcoin-worth-26m-after-btc-sat-idle-for-9-years\/","title":{"rendered":"Whale From 2012 Transfers 740 Bitcoin Worth $26M After BTC Sat Idle for 9 Years"},"content":{"rendered":"

On July 12, an old whale from 2012 spent 740 bitcoin worth roughly $26 million at the time of transfer after nine years of choosing not to move the coins. The whale acquired the bitcoin on May 31, 2012, when the stash of crypto was only worth $3,700.<\/strong><\/p>\n

Old School Whale Moves 740 \u2018Sleeping Bitcoins\u2019<\/h2>\n

Bitcoiners noticed<\/a> a whale move 740 bitcoin (BTC<\/a>) on Monday after the coins sat idle for over nine years. The bitcoin sat for approximately 3,330 days as the BTC<\/a> was acquired on May 31, 2012. The address saw life in the spring of 2012 and the wallet has been stacking small increments of BTC<\/a> since the first large deposit of 740 BTC<\/a> nine years ago.<\/p>\n<\/p>\n

At the time of acquisition, bitcoin (BTC<\/a>) was trading for $5 per coin<\/a> so the 740 BTC<\/a> was worth $3,700. Today, however, the stash was worth over $26 million when it transferred on Monday.<\/p>\n

The whale movement was caught by whale-alert.io<\/a> that stated on Twitter that a \u201cdormant address containing 791 BTC<\/a> (26,147,621 USD) has just been activated after 9.1 years.\u201d Roughly 640 BTC<\/a> went to one address while 100 BTC<\/a> went into another address according to blockchair.com\u2019s transaction statistics<\/a>.<\/p>\n<\/p>\n

The transaction hash and details show that the transfer was sent with a low privacy score rating (45 out of 100) according to Blockchair\u2019s Privacy-o-meter. After the transfer sent the bitcoins to two addresses, the coins were then siphoned into a tree<\/a> of BTC<\/a> addresses.<\/p>\n

<\/p>\n

Many Idle Whales From the Early Days Have Stirred in 2021<\/h2>\n

Whale sightings<\/a> are a favorite pastime for bitcoiners and there\u2019s been a lot of big moves<\/a> this year. For instance, on June 9, Bitcoin.com News reported<\/a> on the \u201cmystery whale\u201d from 2010, which has moved over 10,000 BTC<\/a> that sat idle for over a decade.<\/p>\n

Moreover, data shows that in the early days, a great number of people<\/a> mined bitcoin alongside the crypto asset\u2019s creator Satoshi Nakamoto<\/a>. Last June, at block height 687,847 an old 2010 mining whale spent 100 BTC<\/a> that sat idle for over ten years mined on July 15<\/a> and then the next day<\/a> in 2010.<\/p>\n

What do you think about the 2012 whale that moved 740 bitcoin on Monday? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

Bitcoin News
\nFeatured, 2012 whale, 740 Bitcoin, Bitcoin (BTC), Blockchair\u2019s Privacy-o-meter, BTC, mystery whale, Old Whales, Satoshi Nakamoto, sleeping bitcoins, Twitter, whale, Whale Alert, whale movement, whale sightings, whale-alert.io, Whales<\/p>\n","protected":false},"excerpt":{"rendered":"

On July 12, an old whale from 2012 spent 740 bitcoin worth roughly $26 million at the time of transfer after nine years of choosing not to move the coins. The whale acquired the bitcoin on May 31, 2012, when the stash of crypto was only worth $3,700. Old School Whale Moves 740 \u2018Sleeping Bitcoins\u2019…<\/p>\n","protected":false},"author":0,"featured_media":9555,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-9554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/9554"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=9554"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/9554\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/9555"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=9554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=9554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=9554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}