October 7, 2024

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Ancient Bitcoin Whale Sends $4.2M BTC to Kraken

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    Visualizing Bitcoin whale 32MkT’s transactions since 2014
    Visualizing Bitcoin whale 32MkT’s transactions since 2014

    Ancient Bitcoin whale (32MkT) has sent another 10 BTC (~$634K) to Kraken, the latest in a series of transactions after the whale awakened just last month on 31 August with a 1 BTC transfer out to Kraken. The most recent transaction brings the total amount sent out to 66 BTC or approximately $4.21M worth. The whale still holds 1.159K BTC after their most recent transfer (~$72.2M).

    The most recent transfer of 10 BTC to Kraken
    The most recent transfer of 10 BTC to Kraken

    This Bitcoin whale was an active miner just one month after Bitcoin’s genesis block in January 2009, where they mined block after block of rewards, slowly accumulating a stack of over 2,000 BTC, or 40 blocks of rewards. These rewards were later consolidated all to a single address (1CEq1) in 2011, then split into two addresses, 19StT and 1E3P1. 19StT’s stack of 1,225 BTC eventually leads us to today’s transfer out to Kraken, while 1E3P1 had already transferred majority of their BTC out to Bitstamp in several transactions between 2014 and 2017.

    1CEq1 receiving all 2,000 BTC in 2011
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