CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$26,203.00
  • ethereum
    ETH$1,580.94
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Opinions
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Crypto News » HODLers Give Up? Bitcoin Wallet From 2010 Just Moved 1,000 BTC Worth $7.8 Million

    HODLers Give Up? Bitcoin Wallet From 2010 Just Moved 1,000 BTC Worth $7.8 Million

    Author: Mandy Williams

    Last Updated Mar 13, 2020 @ 16:10

    As Bitcoin and the rest of the cryptocurrency market continues to struggle with the bears, a whale was seen moving his stash of BTC from multiple addresses after ten years of hodling. Has he hit his target and finally decided to let go? 

    1000 BTC Moved After 10 Years

    According to on-chain data on Blockchain.com, 1000 Bitcoins were moved from 20 different addresses to a new address during the late hours of Tuesday night. The addresses were created in August, September, and October of 2010, with each holding 50 BTC. 

    After the new address, which was created on Tuesday, received the Bitcoins, the owner then transferred the coins to 54 different addresses that were created during the early hours of Wednesday. Fifty-three addresses received 15 bitcoins; one received 200 bitcoins, and one received 4.99, adding up to a total of 1,000 BTC. 

    Basking in Profits? 

    Perhaps what is interesting about this development is the fact that the 1000 Bitcoins that were transferred recently were worth just $68.2 in the third quarter of 2010. 

    At the time of the transactions, Bitcoin was trading at about $7,800, meaning that the owner has moved BTC worth about $7.8 million. However, it’s also worth noting that the price has since moved substantially almost immediately after the Bitcoins were transferred. Of course, it’s unclear whether they’ve been sold, but the price has dropped massively as Bitcoin currently trades at around $6,000.

    42% of BTC Unmoved

    While no one knows who owns this particular wallet, it is fascinating to see early Bitcoiners moving their funds after such a long time. It helps to debunk the widespread belief that many people who created wallets between 2009 and 2011 have lost access to their keys. 

    Meanwhile, a recent report from Coinmetrics suggests that about 42% of the total bitcoin in circulation has not been transacted for at least two years as of March 1st. This development is similar to what happened in mid-2017, and the amount of untouched Bitcoin has not surpassed 42% since then. 

    That is not surprising as a recent survey shows that people are willing to hold on to their BTC for an extended period of time, while the majority claimed they would sell if the price of the coin hits the $100,000 mark.

    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

    You Might Also Like:

    • square_bitcoin_cover
      Jack Dorsey’s Square Buys $50 Million Worth of Bitcoin (BTC)
    • hacker2-min
      How I Lost $80,000 Worth Of Ethereum In 2 Minutes
    • satoshi-era_btc_tx_cover
      Satoshi-Era BTC Worth $11.3 Million Moved for the First Time in 10 Years
    Tags: Bitcoin Bitcoin (BTC) Price
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Mandy Williams
    More posts by this author

    Mandy Williams is a full-time reporter at CryptoPotato. She joined the cryptocurrency space in early 2017 during her search for financial freedom and has remained devoted to the industry.
    Contact Mandy: Twitter

  • bitcoin
    BTC$26,203.00
  • ethereum
    ETH$1,580.94
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    Quantstamp’s CEO: Here’s Why ‘Audited By’ for Crypto Security in 2023 is Not Enough (Interview)

    Quantstamp’s CEO: Here’s Why ‘Audited By’ for Crypto Security in 2023 is Not Enough (Interview)

    Deep Dive into Ethereum: What Changed A Year Post-Merge?

    Deep Dive into Ethereum: What Changed A Year Post-Merge?

    The Reports of Friend.tech Death Have Been Greatly Exaggerated (Opinion)

    The Reports of Friend.tech Death Have Been Greatly Exaggerated (Opinion)

    Exploring PayPal’s Foray into Cryptocurrency: A Game-Changer in Digital Finance

    Exploring PayPal’s Foray into Cryptocurrency: A Game-Changer in Digital Finance

    DeFi Without Native Rights Is Dead

    DeFi Without Native Rights Is Dead

    How Does the Shiba Inu (SHIB) Burn Work: Everything You Need to Know

    How Does the Shiba Inu (SHIB) Burn Work: Everything You Need to Know

    Crypto Will Go Away If There’s No Privacy: Interview With Anoma and Namada’s Adrian Brink

    Crypto Will Go Away If There’s No Privacy: Interview With Anoma and Namada’s Adrian Brink

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    Footer Logo
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers
    Editorial Policy
    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!