Bitcoin On-chain Sleuth TruthLabs has dropped his theory on who moved the 80,000 BTC ($8.72 billion). This BTC transfer had raised eyebrows and spread panic in the crypto community, considering the amount of selling pressure it could put on the flagship crypto.
Possible Identity of Bitcoin Whale Who Moved 80,000 BTC
In an X post, TruthLabs stated that one theory is that Christian, Olivier Janssens, the son-in-law of the last king of Italy, who mined Bitcoin less than one month after its creation, is the one who moved the 80,000 BTC. The on-chain sleuth alluded to a previous X post in which he showed proof that an in-law to the last king of Italy was mining BTC just one month after creation.
Bitcoinist had earlier reported on the BTC whale who moved 80,000 BTC after 14 years of inactivity. This whale in question had accumulated these coins when BTC was trading at just $0.78. TruthLabs noted that the 80,000 BTC came from idle Bitcoin, which was moved from Mt. Gox over a decade ago.
The Bitcoin on-chain sleuth also raised a theory of how the 80,000 BTC that was moved front-ran a weather modification, which was seemingly targeted at a Christian Camp. He further remarked that Augustus Doricko, CEO of Rainmaker and Thiel Fellow, had indicated that weather can be weaponized.
Coinbase Director Conor Grogan also gave his theory on what might have happened with the 80,000 Bitcoin transfer. In an X post, he stated that there is a small possibility that the $8 billion in BTC that recently woke up were hacked or compromised private keys. He alluded to a Bitcoin Cash (BCH) transfer that occurred in corresponding wallet clusters prior to the BTC transfers. Corner opined that this might have been the hackers testing the private keys.
BTC Whale Might Be Roger Ver
In an X post, onchain-sleuth Sani declared that he is “99.99%” sure that the Bitcoin whale who moved the 80,000 BTC is Roger Ver. He explained that he had previously dug into Ver’s historical purchase activity and cross-referenced those dates with his database of unidentified addresses. The on-chain sleuth had found only six addresses that were worth 60,000 BTC.
Sani claimed that all these addresses were among the wallets that transferred the 80,000 BTC (10,000 BTC each). Meanwhile, two additional addresses also transferred 10,000 BTC, bringing the total to 80,000 BTC. The on-chain sleuth stated that he previously missed the other two because they were already identified as “Individual X” in his system. As such, he excluded them from his unidentified filters when he was initially trying to track Roger Ver’s wallets.
At the time of writing, the BTC price is trading at around $109,171, up in the last 24 hours, according to data from CoinMarketCap.
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