Sixth richest Bitcoin [BTC] address was activated on 1st July 2018

According to Bitinfocharts, the Bitcoin wallet address which was activated on 1st July 2018 is ranked among the top 10 richest Bitcoin [BTC] addresses. The wallet address is currently on the sixth position with a total of 8,5947.12706347 BTC, currently valued at approximately $566 million.

The addresses holding the most number of Bitcoin tokens belong to exchange platforms. The top five exchange platforms are Bitfinex, Binance, Bittrex, Bitstamp, and Huobi.

Sixth richest Bitcoin [BTC] wallet created on 1st July 2018 || Source: Bitinfocharts

Sixth richest Bitcoin [BTC] wallet created on 1st July 2018 | Source: Bitinfocharts

The account received a total 85,947.12706347 BTC from 4 different addresses. The first transaction made to the address was 85,947.127 BTC worth approximately $568 million, the second transaction was 0.000008 BTC worth approximately 5.3 cents, the third transaction was 0.000005 BTC worth approximately 33 cents, and the fourth transaction was 0.00000547 BTC worth approximately 3.6 cents. The unknown wallet received its latest BTC on 3rd July 2018 at 4:50:53 UTC.

Bitcoin In-Transaction of the wallet || Source: Bitinfocharts

Bitcoin [BTC] received through various addresses | Source: Bitinfocharts

The huge amount of BTC was received from an address which was created on 25th March 2018 and the last notable transaction was made on 1st July 2018. A total of 152 transactions were made by the address and the activity shows that the number of ins is more than the number of outs.

The address had an approximate of 93,947 BTC out of which 85,947.127 BTC was transferred on 1st July 2018, which is the biggest transfer made by the address till date. Prior to this, the account has transferred out around 2000 BTC four times.

Bitcoin address through which huge amount of BTC was received || Source: Blockchain

Bitcoin address through which huge amount of BTC was received | Source: Blockchain

The transfer of the BTC did not show any negative or positive impact on the market. This indicates that it would either be an individual who has transferred the Bitcoin from one account to another or the BTCs were purchased from an exchange platform which was recently created but the volume was not enough to show a significant change in the market.

Bitcoin [BTC] price before and after the transfer

Bitcoin’s [BTC] price before and after the transfer i.e, 13:03:15 || Source: Trading View

Bitmex Trading Volume at the time of Transfer || Source: Bitmex | Trading View

Bitmex’s Trading Volume at the time of Transfer i.e, 13:03:15 || Source: Bitmex | Trading View

Binance Trading Volume at the time of Transfer || Source: Binance | Trading View

Binance’s Trading Volume at the time of Transfer i.e, 13:03:15 || Source: Binance | Trading View

The account became active days after a self-proclaimed Satoshi Nakamoto announced the release of two books. The books will hold the details of Bitcoin and its background, and Satoshi Nakamoto.

The announcement was made on nakomotofamilyfoundation.org and stated that the book will be released in two parts which will be called ‘Honne and Tatamae’. When translated from Japanese to English the term stands for a ‘contrast between a person’s true feeling and desire and the behavior and opinions one displays in public’. With Honne meaning ‘True sound’ and Tatamae meaning ‘built in front or facade’.

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