{"id":485754,"date":"2022-03-11T12:49:05","date_gmt":"2022-03-11T12:49:05","guid":{"rendered":"https:\/\/wncen.com\/?p=485754"},"modified":"2022-03-11T12:49:05","modified_gmt":"2022-03-11T12:49:05","slug":"massive-amount-of-sleeping-bitcoin","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/massive-amount-of-sleeping-bitcoin\/","title":{"rendered":"Massive Amount Of \u2018Sleeping&#8217; Bitcoin Moved After More Than 11 Years In Hibernation"},"content":{"rendered":"<p>A large sum of money from a &#8220;Sleeping&#8221; Bitcoin was transferred after being dormant for more than a decade.<\/p>\n<p>Since the crisis between Russia and Ukraine and heightened pessimism about the future of the global economy, cryptocurrency values have been volatile.<\/p>\n<p>On Thursday, bitcoin&#8217;s price surged to a high of <a href=\"https:\/\/www.coingecko.com\/\" rel=\"nofollow\">$42,592<\/a>, after a two-day low of $38,300.<\/p>\n<p>After a brief period of optimism, BTC&#8217;s value returned to the $38K mark late Thursday.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Article | <a href=\"https:\/\/wncen.com\/news\/billionaire-investor-says-crypto-outlook-is-very-bullish-for-bitcoin\/\">Billionaire Investor Says Crypto Outlook Is \u2018Very Bullish\u2019 For Bitcoin<\/a><\/strong><\/em><\/p>\n<p>However, despite the market&#8217;s volatility, an old-school whale from 2010 opted to move a considerable amount of bitcoins.<\/p>\n<p>The term &#8220;whale&#8221; refers to any entity that has a considerable amount of tokens of a particular cryptocurrency.<\/p>\n<h2>Bitcoin Roused From Deep Slumber<\/h2>\n<p>A transfer of roughly 489.091 BTC valued at nearly $17 million from the bitcoin address &#8220;17QBW&#8221; has just been tracked.<\/p>\n<p>When the transaction was executed at block height 726,641 at 1:45 a.m., the blockchain parser Btcparser.com spotted it on March 10 (UTC).<\/p>\n<p>A total of 5,111 bitcoins were handled by the originating address from which the 1,000 BTC were sent between September 6, 2010, and July 12, 2011.<\/p>\n<p>Even though the 429 BTC spent on March 10, 2022 was initially received at the same time as the remaining 510.91 BTC, the owner waited more than a decade to transfer the 429 BTC, which was spent two days later on Halloween (October 31, 2010) that year.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/hHUvw1hr\/\" width=\"1478\" height=\"807\"><\/p>\n<pre style=\"text-align: center\">Crypto total market cap at $1.746 trillion on the daily chart | Source: TradingView.com<\/pre>\n<h2>ETH Whales Hold 2nd-Largest Stake in Crypto, Thanks To SHIB<\/h2>\n<p>Meanwhile, despite being labelled a meme-coin, Shiba Inu continues to create a loud bark of sorts in the crypto field regularly.<\/p>\n<p>By the end of 2021, the platform&#8217;s user base had crossed the million-user mark. Almost the last several years, SHIB has gained over 200,000 new members.<\/p>\n<p>There are 1,198,043 Shiba Inu owners at the time of this writing.<\/p>\n<p>The amount of Shiba Inu transactions above $100,000 continues to break all-time highs, according to IntoTheBlock data.<\/p>\n<p>On February 9, the metric hit $389.89 million in revenue. Based on the report, these transactions accounted for 81% of the entire volume on the blockchain.<\/p>\n<h3>Lifted By Whales<\/h3>\n<p>SHIB&#8217;s success could not have been achieved without the help of dominant whales.<\/p>\n<p>When SHIB ($1.4 billion) surpassed FTT ($1.36 billion), the FTX exchange&#8217;s native coin, it became the largest cryptocurrency holder. SHIB is currently the second-largest Ethereum whales\u2019 holding.<\/p>\n<p>Since the 2010 transfer of the bitcoin in hibernation, there hasn&#8217;t been a massive &#8220;awakening&#8221; of the crypto from that year &#8212; at least not yet.<\/p>\n<p style=\"text-align: center\"><strong><em>Related Article | <a href=\"https:\/\/wncen.com\/news\/bitcoin\/south-korea-has-a-new-president\/\">South Korea Has A New President \u2013 And He Likes Crypto<\/a><\/em><\/strong><\/p>\n<pre style=\"text-align: center\">Featured image from AtoZ Markets, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>A large sum of money from a &#8220;Sleeping&#8221; Bitcoin was transferred after being dormant for more than a decade. Since the crisis between Russia and Ukraine and heightened pessimism about the future of the global economy, cryptocurrency values have been volatile. On Thursday, bitcoin&#8217;s price surged to a high of $42,592, after a two-day low of $38,300. After a brief period of optimism, BTC&#8217;s value returned to the $38K mark late Thursday. Related Article | Billionaire Investor Says Crypto Outlook Is \u2018Very Bullish\u2019 For Bitcoin However, despite the market&#8217;s volatility, an old-school whale from 2010 opted to move a considerable amount of bitcoins. The term &#8220;whale&#8221; refers to any entity that has a considerable amount of tokens of a particular cryptocurrency. Bitcoin Roused From Deep Slumber A transfer of roughly 489.091 BTC valued at nearly $17 million from the bitcoin address &#8220;17QBW&#8221; has just been tracked. When the transaction was executed at block height 726,641 at 1:45 a.m., the blockchain parser Btcparser.com spotted it on March 10 (UTC). A total of 5,111 bitcoins were handled by the originating address from which the 1,000 BTC were sent between September 6, 2010, and July 12, 2011. Even though the 429 BTC spent on March 10, 2022 was initially received at the same time as the remaining 510.91 BTC, the owner waited more than a decade to transfer the 429 BTC, which was spent two days later on Halloween (October 31, 2010) that year. Crypto total market cap at $1.746 trillion on the daily chart | Source: TradingView.com ETH Whales Hold 2nd-Largest Stake in Crypto, Thanks To SHIB Meanwhile, despite being labelled a meme-coin, Shiba Inu continues to create a loud bark of sorts in the crypto field regularly. By the end of 2021, the platform&#8217;s user base had crossed the million-user mark. Almost the last several years, SHIB has gained over 200,000 new members. There are 1,198,043 Shiba Inu owners at the time of this writing. The amount of Shiba Inu transactions above $100,000 continues to break all-time highs, according to IntoTheBlock data. On February 9, the metric hit $389.89 million in revenue. Based on the report, these transactions accounted for 81% of the entire volume on the blockchain. Lifted By Whales SHIB&#8217;s success could not have been achieved without the help of dominant whales. When SHIB ($1.4 billion) surpassed FTT ($1.36 billion), the FTX exchange&#8217;s native coin, it became the largest cryptocurrency holder. SHIB is currently the second-largest Ethereum whales\u2019 holding. Since the 2010 transfer of the bitcoin in hibernation, there hasn&#8217;t been a massive &#8220;awakening&#8221; of the crypto from that year &#8212; at least not yet. Related Article | South Korea Has A New President \u2013 And He Likes Crypto Featured image from AtoZ Markets, chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":485758,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[428,6664,4925,14781],"class_list":["post-485754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-crypto","tag-digital-assets","tag-whales"],"acf":[],"yoast_head":"\n<title>Massive Amount Of \u2018Sleeping&#039; Bitcoin Moved After More Than 11 Years In Hibernation<\/title>\n<meta name=\"description\" content=\"A large sum of money from a &quot;Sleeping&quot; Bitcoin was transferred after being dormant for more than a decade. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Massive Amount Of \u2018Sleeping&#8217; Bitcoin Moved After More Than 11 Years In Hibernation","url":"http:\/\/wncen.com\/news\/massive-amount-of-sleeping-bitcoin\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/massive-amount-of-sleeping-bitcoin\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/03\/Bitcoin-9.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/03\/Bitcoin-9.png?fit=1280%2C720"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","crypto","digital assets","whales"],"dateCreated":"2022-03-11T12:49:05Z","datePublished":"2022-03-11T12:49:05Z","dateModified":"2022-03-11T12:49:05Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Massive Amount Of \\u2018Sleeping&#8217; Bitcoin Moved After More Than 11 Years In Hibernation\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/massive-amount-of-sleeping-bitcoin\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/massive-amount-of-sleeping-bitcoin\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/Bitcoin-9.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/Bitcoin-9.png?fit=1280%2C720\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"crypto\",\"digital assets\",\"whales\"],\"dateCreated\":\"2022-03-11T12:49:05Z\",\"datePublished\":\"2022-03-11T12:49:05Z\",\"dateModified\":\"2022-03-11T12:49:05Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/03\/Bitcoin-9.png?fit=1280%2C720","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/485754"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=485754"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/485754\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/485758"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=485754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=485754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=485754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}