Old Bitcoin Wallet Moves BTC to Kraken as Sell-Off Expected

An “ancient” Bitcoin whale that mined BTC during the first two months of the Bitcoin network’s existence has moved more BTC to cryptocurrency exchange Kraken, according to a blockchain data firm. “This Bitcoin was mined ONE MONTH after Bitcoin’s launch in Feb/March 2009,” Arkham Intelligence noted in an Oct. 4 post on X. The mysterious Bitcoin whale transferred 10 Bitcoin, worth $610,000, in the latest transfer on Oct. 3. Since Sept. 24, they have moved a total of $3.58 million to Kraken. Before this activity, the wallet address had been dormant for a decade, as mentioned in an earlier post

Source: CryptoIntelligence