Ancient Bitcoin Whale from 2009 Cannot Stop Selling

10/25/2024 01:36
Ancient Bitcoin Whale from 2009 Cannot Stop Selling

The whale has now sold more than $10 million worth of Bitcoin

The whale has now sold more than $10 million worth of Bitcoin

Ancient Bitcoin Whale from 2009 Cannot Stop Selling

Cover image via www.freepik.com

According to data provided by research firm Arkham Intelligence, the ancient Bitcoin whale who started mining the leading cryptocurrency during the very first days of its existence keeps selling their holdings. 

As per the latest update shared by the firm, the whale has now sold as much as $10 million worth of Bitcoin. 

Even after the most recent selling spree, the whale in question continues to own nearly $72 million worth of BTC. 

Of course, these transactions are rather insignificant for a trillion-dollar asset, which is why they have had no impact on the price of the leading cryptocurrency.  

It is unclear why the whale decided to liquidate their holdings now after sitting on their holdings for so many years.  

Some community members have suggested that the O.G. miner is taking some profits now that Bitcoin is trading close to record highs. According to CoinGecko data, the leading cryptocurrency is changing hands at $67,718.  

These transactions have been made by someone who was obviously active during Bitcoin's earliest days. However, it is highly unlikely to be Satoshi Nakamoto.    

 In other news, Peter Todd, who was identified as Satoshi in the widely panned HBO documentary, has now gone into hiding due to concerns about potential harassment, according to a recent report by Wired.com.      

About the author

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Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].

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