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Dormant Satoshi-Era Wallet Transfers 28.46 Bitcoin to Kraken After 15 Years

A dormant Bitcoin wallet transferred 28.46 BTC worth approximately $2.43 million to cryptocurrency exchange Kraken after staying inactive for more than 15 years. Processed in block 970,281 from wallet address 1EmiMJfyBYNYfeFZWEoXxJ9cZ7pF9xTWVt, the coins were originally acquired on June 12, 2011, at an estimated cost of $15 per coin, yielding a 582,198% gain. The transaction emerged amid broader crypto market weakness, as Bitcoin slipped 3.68% over 24 hours to around $83,081 and liquidations hit $607.18 million ahead of the Federal Reserve's FOMC meeting minutes.

Category

Bitcoin

Sentiment

Neutral

Event

Crypto native

Reading time

1 min