Waking up Bitcoin-Kit translated another 40,000 BTC

The wallet associated with the activated “early” whale transferred 40 192 BTC to a new address. The amount of the transaction amounted to $ 4.77 billion, according to Arkham.

On July 4, the owner of the first cryptocurrency for the first time since 2011 showed activity. He distributed 80,000 BTC to eight new addresses.

About half of this amount on July 15 entered two wallets, which analysts connected with the Galaxy Digital.

The remaining 40 192 BTC KIT probably consolidated on one new wallet. Funds were received from four addresses to which they were originally distributed on July 4. The translation was preceded by two test transactions of 1 BTC.

Lookonchain analysts suggested that Kit prepared the first batch of coins for sale through the over -time service Galaxy Digital.

“If subsequent translations from the new address are also sent to structures like Galaxy Digital, this may mean that the whale will continue to sell,” the experts said.

The movement of funds caused disputes about the identity of the owner. Among the versions called Roger Vera, CIA and Satoshi Nakamoto himself.

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Source: Cryptocurrency

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