Mega Whale 2010 woke up and spent 13,000 BTC in the past 20 months

Three days ago (November 10), a mysterious Mega Whale transferred 20 block rewards from 2010 that had moved 1,000 BTC worth $ 68 million at the time of transfer. Two days later (Nov. 12), the miner went back up and running moving another chain of 20 block rewards from 2010, valued at approximately $ 64 million at the time of deposit.

Mega Whale 2010 is back

Last year, the Telegram GFIS research team and the creators of Btcparser.com discovered an extraordinary bitcoin whale with an 11 year old 2010 block reward issue in a chain of 20 blocks at a time. To date, this whale has transferred a total of 13,000 BTC from blocks that were mined in 2010. At current bitcoin prices, the total value of the transferred whale is nearly $ 1 billion ($ 829 million). ), but it moved 13,000 BTC in different price ranges.

20 block awards from 2010 with 1,000 BTC were transferred and distributed to several addresses.

On the day that BTC hit its all-time high on November 10th, the mysterious whale woke up for the first time since June 9th, 2021. Two days later, on November 12th, the whale issued another 1,000 bitcoins from a block reward chain that was over 20 years old. These are called “sleeping bitcoins” because they have not moved from their original address since the day they were mined. There are many “sleeping bitcoins” out there and on-chain researchers like to examine spending between 2009 and 2013 due to the age of these blocks.

For example, the last transfer of the block bonus, which comes from a block dismantled on September 2nd, 2009, was on May 20th, 2020. The 2010 block reward, which was inactive for over a decade, was rarely issued for the next decade either, but this whale owned a large amount of bitcoins mined at the time. So far this company has transferred 20 block bonuses on 13 different occasions since 2010 (3.11.20 – 10.11.20 – 7.11.20 – 8.11.20 – 27.12.) 20 – 1 / 3/21 – 1/10/21 – 1/25 / 21 – 28/2/21 – 3/3/21 – 9/6/21 – 11/10/21 – 11/12/21).

13,000 BTC distributed so far

The 12/11 issues were another 20 consecutive block awards from 2010 that were carried over to block height 709,305. Just like the 20 block reward transfers two days ago, the mysterious miner also issued BCH accordingly. Miner did not transfer 1,000 BSV and these coins remain inactive to this day. All BTC were consolidated to this address and then 1,000 BTC were distributed to wallets of 10 BTC each. BCH was consolidated into a wallet with 1,000 BCH and these coins were distributed to wallets with 50 BCH per address.

Source: theholyroger.com

According to the Blockchair Privacy Meter, the move of 1,000 BTC has suffered from “serious” data protection problems since 2010. The five privacy issues associated with whale transactions involve inputs and outputs, respectively. Blockchair uses over 100 metrics to measure the security of Bitcoin transactions.

GFIS says the movement of this whale is very interesting:

“This is the 13th Awakening the team has noticed as we continuously analyze the Bitcoin blockchain. What is more interesting is that the pattern of the trail and the coin distribution is always the same.

Bitcoins from 2010 are taken, transferred to a P2SH address (probably escrow address) and then the funds are mainly distributed to bech32 addresses at a rate of 10 BTC per wallet. “

The creator of Btcparser.com also notes that there are very few legacy addresses (7) and more P2SH addresses (65) while the majority are bech32 addresses (125-5 P2WSH and 120 P2WPKH in total). The researcher commented:

“In terms of distribution, 96 addresses received exactly 10 bitcoins. One address received 32, another 7.27. And a total of 99 addresses received less than 1 bitcoin (average 0.006498879). “

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