Data from research firm Arkham Intelligence indicates that the elderly Bitcoin whale who began mining the most popular cryptocurrency in its early days continues to liquidate their holdings.
According to the company’s most recent statement, the whale has now sold up to $10 million worth of Bitcoin.
The whale in question still possesses around $72 million worth of Bitcoin despite the most recent selling frenzy.
These transactions haven’t affected the price of the most popular cryptocurrency since, of course, they are very trivial for a trillion-dollar asset.
The reason for the whale’s decision to sell its properties after retaining them for so long is unknown.
The O.G. miner may be collecting some gains now that Bitcoin is trading around record highs, according to some community members. The top cryptocurrency is trading at $67,718 according to CoinGecko statistics.
The person who performed these transactions was clearly engaged in the early days of Bitcoin. It is quite unlikely to be Satoshi Nakamoto, though.
According to a recent story by Wired.com, Peter Todd, who was cast as Satoshi in the much criticised HBO documentary, has reportedly gone into hiding because of worries about possible abuse.
