2010, 2010 coins, Bitcoin, Bitcoin (BTC), bitcoin rewards, Bitcoin Whales, BTC rewards, BTC Whales, Btcparser.com, Coinbase Rewards, Crypto markets, Goldfoundinsh*t team, hashrate drop, Market Carnage, transactions, Whale Movements, Whales

After bitcoin and a myriad of other crypto-assets tumbled in value on Sunday a number of significant whale movements took place. During the morning trading sessions on Sunday (EST), an old school miner transferred three decade-old coinbase rewards with 150 bitcoin worth more than $8.5 million. Later on in the evening, just before the transition into Sunday, two major whale transactions stemming from Binance resulted in three new massive wallets. One wallet contains 58k in bitcoin worth more than $3.3 billion using today’s exchange rates.

Over $4 Billion in Bitcoin Moved Yesterday

Yesterday on April 18, 2021, Bitcoin.com News alongside the help of Btcparser.com and team members from the Telegram channel Goldfoundinsh*t caught a number of interesting onchain transactions pop up on our radar. This was five days after Goldfoundinsh*t and Bitcoin.com News researchers discovered more than 12k in BTC from the 2016 Bitfinex hack that got transferred to a number of unknown wallets. That day, bitcoin (BTC) touched an all-time high on three occasions, and touched a final ATH at $64,895 per unit on April 14, 2021.

On Sunday, April 18, BTC prices slid to a low of $51,541 per unit following the massive decline in SHA256 hashrate and rumors of the U.S. Treasury allegedly cracking down on the crypto industry. During the course of Sunday’s trading sessions, a number of whale movements and even sleeping bitcoin transfers took place.

2010, 2010 coins, Bitcoin, Bitcoin (BTC), bitcoin rewards, Bitcoin Whales, BTC rewards, BTC Whales, Btcparser.com, Coinbase Rewards, Crypto markets, Goldfoundinsh*t team, hashrate drop, Market Carnage, transactions, Whale Movements, Whales

A touch after 11:00 p.m. (EST), two transactions processed at block height 679,739 and 679,743 transformed into three new whale addresses. Bitcoin address tagging shows that the funds stemmed from the popular crypto exchange Binance, and it is assumed that the newly created addresses are new cold wallets.

A member of the Goldfoundinsh*t team discussed the situation with Bitcoin.com News. “These are the first and second whale movements that hit the radars of our Btcparser2 last night. The result of two transactions was three new wallets:

  • 3LQeSjqS5aXJVCDGSHPR88QvjheTwrhP8N +58,814 BTC – Most likely this is a new cold Binance wallet
  • 3ByyPAZmzANfV1sMALVU8zdorPUHEbkZZi +20,498 BTC
  • 3LYJfcfHPXYJreMsASk2jkn69LWEYKzexb +11,000 BTC

It is unknown whether this transfer was a reorganization of Binance wallets or an over-the-counter deal in the making. “After all, we do not know who the final owners of the new wallets with thousands of bitcoins are,†a Goldfoundinsh*t team member noted. “Surprisingly, the date of such a major reorganization (after all, 68k of that BTC has not been touched since August last year) and yesterday’s significant rout of the bitcoin price coincides,†the researcher added.

$8.5 million in Bitcoin from 2010 Spent After Sitting Idle for Over Ten Years

Furthermore, 150 bitcoin from 2010 was transferred after the price of BTC slid a few hours prior. All 150 BTC worth $8.5 million today, was mined on July 13, 2010, and it was likely mined by the same entity. The first coinbase reward was spent at block height 679,688 and then two more coinbase rewards from 2010 were spent at block height 679,692 all stemming from the same day. April has not seen many 2010 coinbase reward transfers unlike the recent string spends of 20 block rewards on various occasions.

2010, 2010 coins, Bitcoin, Bitcoin (BTC), bitcoin rewards, Bitcoin Whales, BTC rewards, BTC Whales, Btcparser.com, Coinbase Rewards, Crypto markets, Goldfoundinsh*t team, hashrate drop, Market Carnage, transactions, Whale Movements, Whales

The last decade-old coinbase reward from that year was transferred on April 10, 2021, just before BTC’s ATH four days later. There was also a spend of the same caliber from 2010 spent the day before on April 9. The last time the mega-whale, which spends 20 block rewards at a time, transferred coins was on March 23, 2021. The whale seems to be skipping out on April or it’s possible it has ended the run of transferring more than 10,000 BTC from 2010. Whatever the case may be, bitcoin whales and large crypto fish are moving massive amounts of BTC since prices have been higher than ever before.

What do you think about the massive whale movement yesterday from Binance and the 2010 coinbase rewards spent? Let us know what you think about this subject in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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