A long-term stash dating back to 2013 suddenly came to life when Bitcoin climbed a fresh record of $118,839.
Whale Reconfirmation: Dormant 2013 Bitcoin Cash Moves to Custodian
Blockchain parser btcparser.com shows a trobe of rather dormant coins that got caught up in its lifespan on July 11th as 400 BTC moved across 16 separate transfers. Each transfer originated from a legacy Pay-to-Public-Key-Hash (P2PKH) wallet created in early 2013, each wallet sent exactly 25 BTC to a P2WPKH (Pay-To-Witness-Public-Key-Hash) address.
16 transfers from wallets in 2013 recorded by btcparser.com.
Transactions were confirmed between Block Heights 905014 and 905017. All 400 BTC originally came from the wallet from late February to March 2013. At the time, the total total was worth just $13,724. Today, that same stash is rated as a whopping $47.19 million, or 3,439 times jump, or a jaw drop, which increases by 343,638% over 12 years.
So far, July has been bustling with whales. On July 4th, 80,000 BTC shifted from 2011. Then, on July 7, a longtime indoor wallet moved 99.99 BTC for the first time since July 27, 2017. After today’s 2013 revival, I also stirred up my 2016 and 2017 wallets, moving 41.09 and 16.54 BTC, respectively.
According to data from Arkham Intelligence, the 400 BTC transferred to the P2WPKH address appears to have landed in a wallet linked to the Crypto Custodian Bitgo. It remains unclear whether the stash is heading for sale or simply hidden for storage under Bitgo’s storage clock.
