An unknown user, holding $72.5 million in Bitcoin mined since 2009, transferred $3.58 million to the Kraken exchange. This transfer caught the attention of analysts from Arkham.

UPDATE: ANCIENT BITCOIN WHALE MOVED $3.58M BTC TO EXCHANGES

A Bitcoin whale holding over $72.5M Bitcoin from 2009 has sent a total of $3.58M BTC to Kraken with their most recent movements yesterday.

This Bitcoin was mined ONE MONTH after Bitcoin’s launch in Feb/March 2009. https://t.co/s7ySYE03wU pic.twitter.com/r8YM6YkmIf
— Arkham (@ArkhamIntel) October 4, 2024

“This Bitcoin was mined a month after the network’s launch, in February-March 2009,” stated the Arkham report.

On September 24, the whale transferred 5 BTC (around $315,970) to Kraken. In the community, users speculated that the “awakening” of Bitcoin whales could be linked to the upcoming HBO documentary, set to be released on October 9, which might reveal the identity of Satoshi Nakamoto.

Ancient BTC holders have been taking almost the same actions for the last 1 month.
This is interesting… Why today?
Yesterday HBO announced that Satoshi has been identified.
One can't help but think.
What if ?
— Aksusarya (@aksusarya_eth) October 4, 2024

Historical Whale Movements

In September 2023, an unknown miner from the Satoshi era moved 250 BTC, worth $16 million. Another inactive wallet, dormant for more than 10 years, transferred 35 BTC, worth $2 million. Analysts also tracked the movement of 174 BTC and 190 BTC in August, both wallets being inactive for over a decade.

Reasons for Whale “Awakening”

Many experts believe these movements could be linked to significant events in the cryptocurrency market or the introduction of new regulatory measures. In the comments, users also connect the “awakening” of Bitcoin whales with the release of HBO’s new documentary, which may shed light on the identity of Satoshi Nakamoto, the mysterious creator of Bitcoin.

Outlook

Movements of old Bitcoin always attract interest from the cryptocurrency community, especially when large sums are involved. In the coming months, investor attention will likely focus on such movements, potentially influencing Bitcoin’s price, especially amid market uncertainty.