{"id":19504,"date":"2024-05-06T13:10:52","date_gmt":"2024-05-06T17:10:52","guid":{"rendered":"http:\/\/leadingcryptonews.com\/bitcoin-whale-moves-44-million-after-a-decade-heres-how-much-it-gained\/"},"modified":"2024-05-06T13:10:52","modified_gmt":"2024-05-06T17:10:52","slug":"bitcoin-whale-moves-44-million-after-a-decade-heres-how-much-it-gained","status":"publish","type":"post","link":"https:\/\/leadingcryptonews.com\/bitcoin-whale-moves-44-million-after-a-decade-heres-how-much-it-gained\/","title":{"rendered":"Bitcoin Whale Moves $44 Million After a Decade\u2014Here&#8217;s How Much It Gained"},"content":{"rendered":"<p> <br \/>\n<br \/><noscript><img decoding=\"async\" class=\"lazyload\" src=\"https:\/\/img.decrypt.co\/insecure\/rs:fill:1024:512:1:0\/plain\/https:\/\/cdn.decrypt.co\/wp-content\/uploads\/2021\/01\/bitcoin-whales-1-gID_7.jpg@png\" \/><\/noscript><\/p>\n<div style=\"position:relative;overflow:visible;font-size:1.2em;line-height:1.58\">\n<div class=\"linkbox flex flex-col items-center py-4\">\n<h4 class=\"font-akzidenz-grotesk font-medium text-lg mt-4 sm:text-xl text-center text-inherit\">We do the research, you get the alpha!<\/h4>\n<p>Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game!<\/p>\n<p><span class=\"text-center relative md:before:absolute before:top-full before:w-full before:inset-x-0 before:h-0.5\">Go to Alpha Reports<\/span><\/div>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">A mysterious holder has moved Bitcoin (BTC) worth nearly $44 million after receiving the coins over 10 years ago and ultimately letting them gather dust in the meantime.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Blockchain data shows that the 687.33 BTC\u2014today worth $43.7 million\u2014were moved late Sunday after a decade of dormancy. The coins first arrived at the address in January 2014, when 1 BTC was worth less than $900, and hadn't moved since, the data shows.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">The price of BTC now stands at $63,467, according to CoinGecko, meaning the lucky investor is sitting on gains of 7,228%.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Interestingly, blockchain data suggests that the as-yet-unidentified holder paid less than $2 as a transaction fee to move the coins on Sunday.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">CryptoQuant, which monitors blockchain activity, told\u00a0Decrypt that the coins came from block rewards from back in 2011, so it's highly likely the BTC belongs to an early miner.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Bitcoin miners are people\u2014or organizations\u2014which work to keep Bitcoin network running. Using computers and lots of energy, they mint new coins and process transactions and are rewarded in BTC for doing so.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">In the crypto world, Bitcoin whales are investors who hoard huge amounts of the asset and don\u2019t touch it for years.<\/p>\n<p><span style=\"font-weight:400\">\u00a0<\/span><\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">But today's movements weren't made by a whale. Investors are typically considered Bitcoin whales if they hold at least 1,000 BTC, or at least $63.5 million worth. Such &#8216;HODLers' are typically large institutions or companies.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Regardless of what defines a whale, long-term holders have been shown to be the most successful investors as the price of BTC has only gone up steadily over the past decade\u2014despite the volatility along the way.<\/p>\n<p class=\"font-meta-serif-pro scene:font-noto-sans scene:text-base scene:md:text-lg font-normal text-lg md:text-xl md:leading-9 tracking-px text-body gg-dark:text-neutral-100\">Edited by Andrew Hayward<\/p>\n<div class=\"my-4 border-b border-decryptGridline\">\n<div class=\"text-start p-8 md:py-12 md:px-12 max-w-prose relative\"><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute top-4 left-4 md:top-6 md:left-6\"\/><span class=\"border-t-4 border-l-4 w-4 h-4 md:border-t-[6px] md:border-l-[6px] md:w-6 md:h-6 border-decryptPurple dark:border-decryptNeon gg-dark:border-cc-pink-2 absolute rotate-180 bottom-4 right-4 md:bottom-6 md:right-6\"\/><\/p>\n<h3 class=\"font-akzidenz-grotesk font-bold text-xl md:text-3xl mb-6 md:text-center gg-dark:text-white\">Stay on top of crypto news, get daily updates in your inbox.<\/h3>\n<\/div>\n<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/decrypt.co\/229534\/bitcoin-whale-moves-44-million-after-decade-how-much-gained\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports A mysterious holder has moved Bitcoin (BTC) worth nearly $44 million after receiving the coins over 10 years ago and ultimately [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-19504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending-cryptos"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.6 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Whale Moves $44 Million After a Decade\u2014Here&#039;s How Much It Gained - Leading Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadingcryptonews.com\/bitcoin-whale-moves-44-million-after-a-decade-heres-how-much-it-gained\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Whale Moves $44 Million After a Decade\u2014Here&#039;s How Much It Gained\" \/>\n<meta property=\"og:description\" content=\"We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! 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