A Bitcoin whale has broken a 12-year silence by moving 139 BTC. The wallet, which had been inactive since 2011, transferred the BTC to a new SegWit address on May 11. The current market value of the BTC is roughly $3.5 million.
The move has sparked speculation about the whale’s intentions. Some believe that the whale is preparing to sell the BTC, while others believe that the whale is simply moving the BTC to a more secure location.
It is also possible that the whale is simply testing the waters. If the whale sells the BTC and the price does not crash, it may be more likely to sell more BTC in the future.
Only time will tell what the whale’s intentions are. However, the move is a reminder that there are still large amounts of Bitcoin that have not been moved in years. These dormant coins could have a significant impact on the price of Bitcoin if they are ever sold.
In addition to the potential impact on the price of Bitcoin, the move by the whale is also a sign of the growing interest in Bitcoin. As more and more people become interested in Bitcoin, it is likely that we will see more whales emerge from hibernation.
Here are some additional details about the move:
- The whale’s wallet address is 1H1Ab6.
- The BTC was transferred to a new SegWit address, which is a more secure type of Bitcoin address.
- The move was first reported by the cryptocurrency news website Beincrypto.
- The move has been met with mixed reactions from the cryptocurrency community. Some people believe that the whale is preparing to sell the BTC, while others believe that the whale is simply moving the BTC to a more secure location.