Unmitigated, This Crypto Whale Transfers 6,500 Bitcoins

The Bitcoin whale has begun to activate thousands of BTC in its crypto address. (Photo; Doc. Livecoins)

JAKARTA The crypto world is being circulated by a crypto whale or whale that recently activated around 6,500 Bitcoins (BTC) after being stored for a long time in three crypto wallets since 2017. Thousands of Bitcoins that have been inactive for a long time were suddenly transferred to other crypto natures on November 2 yesterday.

This incident has sparked speculation among the crypto community whether it is related to the single owner behind the transfer of thousands of BTC. Additional information, the 6,500 BTC is worth $230 million or around Rp3.6 trillion.

Previously, there were three crypto wallet addresses that stored thousands of BTCs that had never shown any activity since November 5, 2017. The public was surprised by the active crypto address.

According to a Coingape report, these addresses are well-known not only for storing thousands of Bitccoins but also for their origins. Most of the Bitcoins in this address date from July 2011, a period related to the early days of Bitcoin mining and most likely related to F2Pool miners.

The transfer of 6,500 BTC took place when Bitcoin experienced a significant spike with a price increase of about 26.9% in a month, according to Coinecko data. At the time of writing, Bitcoin is trading at a price of IDR 544.292.022. BTC price performance has decreased by about 2.8% in the last 24 hours.

Until now, the reasons behind the massive transfers made by whales or crypto owners in large quantities have yet to be revealed. Therefore, this incident has attracted public attention amid the recent recovery of the crypto market.