The transaction is the latest in a number of recent moves from BTC wallets that have lain dormant for 10 years.
On November 7th at 12:37 am EST, observers on the BitcoinBlockchain noted that a number of Bitcoins were moved from a wallet that had not been moved since 2010. According to researchers from Btcparser.com, around 1000 ‘sleeping Bitcoins’, totalling roughly $15.5 million, were sent in a single transaction.
After the main transaction was sent to a single address, the receiving address sent portions of the stockpile to a number of other addresses.
It is estimated that there are roughly 1.5 to 1.8 million Bitcoins that are considered to be ‘sleeping’ or ‘zombie coins’ from the Satoshi era, meaning that they were last active during the time when Bitcoin creator, Satoshi Nakamoto was active in the space.
This most recent movement of ‘zombie coins’ is just one in a number of similar instances that have taken place this year.
For example, on March 11th, Bitcoin.com reported that a block reward earned in 2010 worth 1,050 BTC had been transferred, alongside the corresponding BCH and BSV. 151 days later, another block reward was moved on October 11, along with the corresponding BCH.
Since then, at least four more block rewards from 2010 have been sent for the first time in 10 years; on October 17th, 25th, 29th, and November 1st, approximately 200 BTC from 2010 was transferred. news.Bitcoin.com says that over the past several weeks, approximately 80 block rewards from 2010 have been moved; the total value of the coins was worth more than $62 million at press time.
It is unclear who controls the coins, why the coins are suddenly being moved after ten years, or if they are being sold to other Bitcoin hodlers. However, Bitcoin’s bullish movement past $15,500 last week could indicate that whoever is in charge of the coins could be preparing to sell them if the rally continues.
On November 7th at 12:37 am EST, observers on the BitcoinBlockchain noted that a number of Bitcoins were moved from a wallet that had not been moved since 2010. According to researchers from Btcparser.com, around 1000 ‘sleeping Bitcoins’, totalling roughly $15.5 million, were sent in a single transaction.
After the main transaction was sent to a single address, the receiving address sent portions of the stockpile to a number of other addresses.
It is estimated that there are roughly 1.5 to 1.8 million Bitcoins that are considered to be ‘sleeping’ or ‘zombie coins’ from the Satoshi era, meaning that they were last active during the time when Bitcoin creator, Satoshi Nakamoto was active in the space.
This most recent movement of ‘zombie coins’ is just one in a number of similar instances that have taken place this year.
For example, on March 11th, Bitcoin.com reported that a block reward earned in 2010 worth 1,050 BTC had been transferred, alongside the corresponding BCH and BSV. 151 days later, another block reward was moved on October 11, along with the corresponding BCH.
Since then, at least four more block rewards from 2010 have been sent for the first time in 10 years; on October 17th, 25th, 29th, and November 1st, approximately 200 BTC from 2010 was transferred. news.Bitcoin.com says that over the past several weeks, approximately 80 block rewards from 2010 have been moved; the total value of the coins was worth more than $62 million at press time.
It is unclear who controls the coins, why the coins are suddenly being moved after ten years, or if they are being sold to other Bitcoin hodlers. However, Bitcoin’s bullish movement past $15,500 last week could indicate that whoever is in charge of the coins could be preparing to sell them if the rally continues.
Rachel is a self-taught crypto geek and a passionate writer. She believes in the power that the written word has to educate, connect and empower individuals to make positive and powerful financial choices. She is the Podcast Host and a Cryptocurrency Editor at Finance Magnates.
Bitget's Bitcoin Reserve Ratio Soars Over 300% Following Halving
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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