On Tuesday, March 23rd, the infamous whale, who has given out numerous 2010 block rewards since last year, spent another 1,000 bitcoin that had been idle for over a decade. The string of 20 block rewards broadcast on Tuesday follows exactly the pattern our news desk has been following since March 12, 2020, also known as “Black Thursday”.
Mystery Whale will give out an additional 20 block rewards starting in 2010
On February 28, 2021, the mysterious whale, who had been giving out a large number of 2010 block rewards for about a year, had given out 20 blocks again. 23 days later, on March 23, 2021, the pattern repeated itself when another 20 block rewards from 2010 were carried over today. Since Bitcoin.com’s news desk began investigating this old-school whale on March 12, 2020, the company has spent 10,000 BTC worth over $ 550 million using today’s BTC exchange rates.
Bitcoin.com’s news desk recaptured the mysterious whale on March 23, 2021, with the help of researchers from Btcparser.com, after the company postponed another 20 block rewards of 1,000 BTC. Two days earlier, a single block reward from 2010 was given out at block height 675,652.
Today, the spending pattern followed exactly the same pattern as the previous block sequences from 2010. All 20 blocks from 2010 were coin-based rewards, which also means that each block reward contains 50 BTC. All 20 block rewards moved by the entity were also processed at block height 675,887.
As usual and similar to previous samples, the string had broken blocks from July 2010 to November 2010 today. All 20 block reward strings caught since March 12, 2020 have been dismantled within those months. The transfer of 1,000 bitcoin mined in 2010 on Tuesday was intercepted by the onchain blockchain parser Btcparser.com. With almost 700,000 BTC blocks processed so far, the web portal’s parsers monitor the activity of so-called “Sleeping Bitcoin” addresses.
Flex or Force? So far, 10,000 Bitcoin have been transferred. All of the strings followed exactly the same output pattern
Just like in previous editions, the corresponding BCH (Bitcoin Cash) block rewards have also been postponed. However, as with the whale’s previous string movements, the corresponding rewards for the Bitcoinsv Coin Base (BSV) remain untouched. Once again, the whale took all of the coins (1,000 BTC total) and consolidated them into a single address.
The first consolidation scheme is being implemented with barely any privacy measures and the coins appear to have been swept away. Once consolidated, the coins are moved again and broken into fractions, with far more privacy than the original sweep.
It’s still difficult to say why this whale spent this way, and our research team believes there are two possible reasons. One reason may be that the whale may be forced to use a script-based spending program that forces the user to move coins in this way.
Otherwise, with these transfers, the whale will bend wealth to show the public its movements at certain times. Why the person would do this on purpose is unknown and it may never be known why these bitcoins are moved in this way.
Of the 10,000 BTC issued in over a year, on March 12, 2020, October 11, 2020, November 7, 2020, November 8, 2020, December 27, 2020 the whale has a number of 20 ten-year-old Bitcoin Block Rewards Postponed January 3, 2021 (Bitcoin’s 12th Anniversary), January 10, 2021, January 25, 2021, February 28, 2021 and Today.
What do you think of the string of dormant bitcoins from 2010 that were transferred today? Let us know what you think on this matter in the comments section below.
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$ 10000 BTC, 200 Block Rewards, 2010 Block Reward, 2010 Mined Coins, Bitcoin, Bitcoin Cash, Bitcoinsv, Block Rewards, BTC, Btcparser.com, Cryptocurrency, Mined Coins, Moving Coins, Parsers, Satoshi Nakamoto, Satoshi Era Coins, Sleep Bitcoin, spent, whale, whale miner
Photo credit: Shutterstock, Pixabay, Wiki Commons, Btcparser.com, Bitcoin.com, Holyroger.com,
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