{"id":14257,"date":"2024-06-11T19:30:34","date_gmt":"2024-06-11T16:30:34","guid":{"rendered":"https:\/\/forklog.com\/en\/dormant-bitcoin-wallet-moves-8000-btc-to-binance\/"},"modified":"2024-06-11T19:30:34","modified_gmt":"2024-06-11T16:30:34","slug":"dormant-bitcoin-wallet-moves-8000-btc-to-binance","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/dormant-bitcoin-wallet-moves-8000-btc-to-binance\/","title":{"rendered":"Dormant Bitcoin Wallet Moves 8000 BTC to Binance"},"content":{"rendered":"<p>A bitcoin wallet inactive since 2018 has transferred 8000 BTC (over $535 million) to Binance, the largest exchange by trading volume. Analysts at Lookonchain highlighted this development.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">A wallet that had been dormant for 5.5 years transferred 8K <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a>($535.64M) to <a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&#038;ref_src=twsrc%5Etfw\">#Binance<\/a> 40 mins ago.<\/p>\n<p>The wallet received 8K <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> on Dec 6, 2018, when the <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> price was $3,810.<a href=\"https:\/\/t.co\/zvxAKbHKi6\">https:\/\/t.co\/zvxAKbHKi6<\/a> <a href=\"https:\/\/t.co\/ZKZHdm4JkR\">pic.twitter.com\/ZKZHdm4JkR<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1800532759318053234?ref_src=twsrc%5Etfw\">June 11, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The coins were <a href=\"https:\/\/bitinfocharts.com\/bitcoin\/address\/1FMbcnYvvccZ6hR324cFRpn1QX9TCkqtAe-nodusting\">acquired<\/a> at the bottom of the bear market phase in December 2018 at a rate of $3800. In total, they cost the investor more than $30.4 million.<\/p>\n<p>According to an April <a href=\"https:\/\/finance.yahoo.com\/news\/old-bitcoin-wallets-keep-waking-131642155.html?guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&#038;guce_referrer_sig=AQAAAGBVc1KoJvujzsFZp-s_GK71IvBRm8BNp6DkzXS-0h91Ou41RnqU30hR3GV3g5c3tKxEvyl0Q9NsHLF20-sg12jgReB9qw1Dt8roGLG5MoF7PQoZeByqRLQK224CE4oxSsUH5SodR4if393SvukYDLjEsFOsInLKlLzO3HA8HAw7&#038;guccounter=2\">report<\/a> by Chainalysis and Fortune, 1.75 million bitcoin wallets have been inactive for over 10 years. They hold 1,798,681 BTC (~$121 billion at the time of the report), accounting for 8.5% of the total supply.<\/p>\n<p>This count does not include approximately 30,000 addresses associated with the creator of the first cryptocurrency, Satoshi Nakamoto.<\/p>\n<p>In May, two wallets inactive for over 10 years transferred <a href=\"https:\/\/forklog.com\/en\/news\/dormant-bitcoins-worth-61-million-stir-after-a-decade\">1000 BTC<\/a> (~$61 million) to new addresses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A bitcoin wallet inactive since 2018 has transferred 8000 BTC (over $535 million) to Binance, the largest exchange by trading volume. Analysts at Lookonchain highlighted this development. A wallet that had been dormant for 5.5 years transferred 8K $BTC($535.64M) to #Binance 40 mins ago. The wallet received 8K $BTC on Dec 6, 2018, when the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14256,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1227,1156],"class_list":["post-14257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-transactions","tag-institutional-investors-and-whales"],"aioseo_notices":[],"amp_enabled":true,"views":"47","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=14257"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14257\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/14256"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=14257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=14257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=14257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}