Bitcoin Whale Transfers $3.6 Million to Kraken Exchange After 15 Years of Dormancy

Key Takeaways

• A significant Bitcoin whale transferred $3.6 million to the Kraken exchange, originating from BTC mined in 2009.
• This movement follows a similar transfer of $16 million by another early Bitcoin whale, arising questions about long-dormant Bitcoin wallets.

An intriguing development in the world of Bitcoin has unfolded as a longstanding whale in possession of BTC mined in the early days of the cryptocurrency transferred $3.6 million to the Kraken exchange. This significant transfer, originating from Bitcoins mined just after the launch of the network in 2009, has garnered attention across the crypto community.

Recently, Arkham Intelligence, a blockchain analytics platform, reported that the whale holding over $72.5 million worth of Bitcoin initiated this transfer to Kraken. The BTC in question was mined approximately a month after Bitcoin’s inception, underscoring the rarity and historical significance of this event.

This transfer comes in the wake of a separate movement where another early Bitcoin whale, mining their BTC around the same time, woke from a 15-year slumber to transfer a substantial $16 million worth of Bitcoin. These consecutive actions by whales from Bitcoin’s early days have sparked widespread curiosity and speculation within the industry.