Crypto Whale Transfer 2,000 Bitcoins From 2010

JAKARTA - A rare phenomenon occurs in the crypto world when an entity known as a whale or a crypto whale that is a large number of Bitcoin owners returns to action by moving thousands of Bitcoins (BTC). The Bitcoin has been inactive for more than a decade. On Tuesday, March 26, 2024, this entity transferred 2,000 BTC mined in 2010, with the current value reaching $139.9 million (around Rp2.2 trillion).

This phenomenon is not the first, because at the beginning of this month, on March 1 and 5, the same entity had carried out similar transactions of almost the same number. Our news team, which has followed in the footsteps of the Pope since it was first detected on March 11, 2020, noted that normally, this entity only moved 1,000 BTC after March 1, 2024. However, this latest transaction shows irregularities from that pattern.

Analysis of btcparser.com shows that the 40 transactions that took place on March 26 came from a block gift mined between August and November 2010, between the height of the blocks 71,723 and 89,778. Although not transferred in sequence, these transactions were verified in one block at a block height of 836,425, as seen through the mysteryroger.com.

All of these block prizes came from the Pay-to-Public-Key-Hash (P2PKH) address and were combined into a single Pay-to-Script-Hash (P2SH) wallet, known as the code "34WQ7." For the time being, the asset remained in the same wallet before it was finally distributed.

The month of March has become a well-known month with the ancient Bitcoin movement, and these three actions of the Pope have added interest in these ancient transactions. This entity has always been striking at its bold and unexpected onchain activity. On March 27, Bitcoin Cash (BCH) associated with these ancient coins has been moved, and 2,000 BTC are divided into smaller parts before being sent to addresses that appear to be linked to Coinbase.

Meanwhile, reports from international crypto media suggest that the Pope's major movement is not the only one. Recently, another entity dubbed "37X", which is one of the largest Bitcoin holders, has transferred more than $6 billion of BTC after three years of inactiveness. This movement has sparked speculation and discussions among the crypto community about its possible impact on the market.