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Kraken News: Ancient Bitcoin Whale Resurfaces, Transfers Millions

October 5, 2024

Kraken Unicorn News - October 05, 2024

An ancient Bitcoin whale, inactive since the early days of the cryptocurrency, has transferred $3.58 million worth of Bitcoin to the Kraken exchange. This significant movement involves coins mined in early 2009, sparking interest and speculation within the cryptocurrency community.

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( 00:00:33 ) Ancient Bitcoin Whale Moves Millions to Kraken After 15 Years of Dormancy

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A significant event in the cryptocurrency market has occurred as an ancient Bitcoin whale, identified by Arkham Intelligence, transferred $3.58 million worth of Bitcoin to the Kraken exchange. This transaction is noteworthy because it involves Bitcoin that was mined in the early days of the cryptocurrency, specifically in February or March of 2009. The transfer took place on October 3, 2024, and follows a previous transaction on September 24, 2024, where the same whale moved five Bitcoins to Kraken after more than a decade of inactivity. The total Bitcoin holdings of this individual are estimated to be around $77 million, reflecting a substantial accumulation from Bitcoin's inception. The actions of such early Bitcoin holders often generate significant interest and speculation within the cryptocurrency community, as they can potentially impact market trends and investor behavior.

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