Mt. Gox Hacker Wallet Goes Active? 80K Bitcoin On The Line?
Bitcoin News: Bitcoin, the world’s largest crypto price is on a decline due to increased selling pressure in the market. However, several recent recorded whale transactions have fueled this pressure even more. A wallet holding around 80,000 Bitcoin has landed into attention after several dormant whales recently moved their BTC holdings.
Also Read: Multiple Dormant Bitcoin Whales Awaken; What Does It Mean?
Over 8K Bitcoin On The Move
As per the data, crypto whales moved around 8,200 Bitcoins (approx worth $225 million) in three mega transactions over the past 5 days. It is important to note that these whales have been sleeping for more than 10 years. However, 2071 BTC are reportedly transferred to the Kraken crypto exchange.
The biggest transaction recorded by the tracker has been of moving 6,071 Bitcoin (approx worth $178 million).
On chain tracker highlighted that a whale address holding 79,957 Bitcoin. The wallet reportedly didn’t get active as no BTC has been moved from this wallet in the last 12 years. However, it is speculated that this address belongs to the Mt.Gox hacker. Meanwhile, someone randomly sent 0.00001 Bitcoin in the past year. Read More Bitcoin News Here…
Tokyo based crypto exchange Mt. Gox operated between 2010 and 2014 was responsible for around 70% of Bitcoin transactions. The exchange got hacked in 2014 as thousands of Bitcoin were stolen, while, the company went on to file for bankruptcy.
Also Read: XRP Lawyer Bids In For Coinbase Referring His XRP Case Filing
BTC Decline Continues
Bitcoin attained the much anticipated $30K price level on April 11, 2023. However, BTC lost the $30 price level on April 19, 2023 and since then it has been on a decline. Bitcoin price dropped by almost 10% in the last 7 days.
Bitcoin is trading at an average price of $27,327, at the press time. Its 24 hour trading volume is marginally down to stand around $15.5 billion.
- Four Meme and BNB Partner on $45M ‘Rebirth Support’ Airdrop, First Batch Set to Begin
- Why Is Crypto Market Down Today (Oct 14)
- BREAKING: Elon Musk Endorses Bitcoin Again After Years Amid Crypto Bloodbath
- BREAKING: Metaplanet Stock Crashes 12% as Enterprise Value Falls Under Bitcoin Holdings
- XRP ETF Faces Delay as Expert Confirms October 19b-4 Filings Are Procedural, Not Deadlines
- XRP Price Crashes as Whales Dump 2.23B Tokens — Is $2 the Next Stop?
- Trader Sees a Dogecoin Price Surge as House of Doge Sets for a NASDAQ Listing
- Will Shiba Inu Price Recover After the Crypto Crash As Burn Rate Soars 8,194%?
- Bitcoin Price Mirrors March 2020 Crash as US–China Trade Easing Fuels Recovery
- PEPE Coin Price Reenters Historical Demand Zone as Whales Accumulate $5M— Can It Repeat Its 123% Rally?
- Bitcoin Price Prediction as Trump’s Tariff Shock Triggers $19B Liquidation
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
