Whale Bitcoin Rises After Six Years Of Sleep, Moves 1,177 BTC Worth IDR 458 Billion

Whale Bitcoin is starting to move ownership of BTC. (Photo; Doc. Ethereum World News)

JAKARTA - The public was shocked by a series of bitcoin transactions that have been inactive for a long time since 2017. A total of 1,177.89 BTC, which is equivalent to more than 30 million US dollars (Rp458 billion), suddenly traded from seven different bitcoin addresses on Sunday night. This phenomenon occurs when a number of addresses that were previously unused over the past six years suddenly started transactions.

According to a report from the BtcParser that detected a series of interesting transactions, it was stated that the shocking incident began with the address "1HjQx," which carried out a transaction of 200 BTC. This transaction was later recorded on the same block as another 200 BTC transaction originating from the "1LBpe" address. However, it should be noted that the owner of the coin does not seem to have succeeded in processing the transaction.

The transaction momentum then continues at a block height of 805.100, when five additional transactions are confirmed. Addresses like "16u25," "1ByNy," "1HXkT," "1NZes," and "1PftW" are involved in this transaction. The data show that five of these seven addresses reflect previous trends, in which a large number of 200 BTC changed hands, while others delivered 100 BTC and 77.89 BTC.

Another interesting phenomenon is the development of a number of bitcoin wallets that were previously inactive due to bitcoin (BTC) price fluctuations. With BTC exchange rates ranging from around $26,000, many wallets have been inactive for years suddenly moving. This makes a number of bitcoin owners move back in the market.

Another interesting story is the price of bitcoin when this transaction occurred. On July 31, 2017, the price of one bitcoin was only about 2,875 US dollars (Rp43 million). The owner of the coin that made the transaction at that time may not have expected that its value would have jumped significantly after six years. With today's BTC price, the total value of 1,177.89 BTC reached 30.71 million US dollars (equivalent to Rp469 billion).

Although this incident has attracted the attention of many parties, there are still questions as to why these bitcoin owners decided to move after a long sleep for six years. A total of 1,177.89 BTC spread across 17 different bitcoin addresses, instead of being stored in a single wallet. However, the purpose of this large number of bitcoin displacements remains mysterious.

However, these transactions provide indications that old owners are starting to become active again, the exact reason behind this decision remains a big question among crypto observers.