According to on-chain data from Blockchain.com, the first to empty its funds after 10 years was the wallet with the address “16vR…jzEa.” It was seen moving 500 BTC to “bc1pt…k72n,” which incurred a fee of 2.8K Satoshis (Sats) equivalent to $1.74. This just leaves it with 0.00061361 BTC valued at $37.

The other wallet with the address “1DUJ…gfC5” displayed the same amount of outgoing funds to “bc1p…anwp” with a fee of 2.8K Sats or $1.72. Only 0.00061361 BTC amounting to $37 was left following the activity.

Bitcoin Whale Transfers on Sunday (Source: Blockchain.com)

Several circumstances have left observers to believe that the two wallets may belong to a single owner or entity. First, the amount and time of the outbound transfers appeared to be synchronized. The transactions happened within less than an hour at the 843,131 and 843,133 block heights. Second, their origins could be traced back to September 12 for 1DUJ…gfC5 and September 13 for 16vR…jzEa in 2013. These came at a time when Bitcoin was priced at $134.

It’s not clear if the movements constituted a sale or merely a transfer to two other wallets belonging to the same owner or entity. But then again, a closer examination of the funds’ destinations reveals that the addresses in question are still holding the same amount of Bitcoin, minus the fees that were collected along the way.

Bitcoin Now

As of this writing at 6:30 AM UTC on Monday, one unit of Bitcoin trades at around $62,000. This shows roughly a 0.3% gain in the 24-hour chart. Meanwhile, the transaction volume during the same frame is up by approximately 34% as $17.37 worth of BTC moved between addresses while the market fluctuated between a $60,632.60 low and a $61,818.15 high.

The same period has pushed down the market cap of the 19.698 million Bitcoin in circulation to $1.21 trillion. This allowed Meta Platforms (formerly Facebook) to overtake the digital asset by a narrow $2 billion in the Top Assets by Market Cap rankings. Today, Bitcoin conveniently sits in the 10th place of the list with more than $314 billion lead against Warren Buffett’s Berkshire Hathaway.

Top Assets by Market Cap (Source: CompaniesMarketCap.com)