Analysis: The dormant Bitcoin whale for 14 years was an independent miner in 2011 and once had an address containing 200,000 BTC

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On July 4th, according to Coinbase executive Conor Grogan's disclosure, the "whale who has been dormant for 14 years" who transferred 50,000 BTC today appears to be an independent miner from 2011. This miner once collected mining rewards from 180 blocks and owned an address containing 200,000 bitcoins in 2011, which is worth approximately $22 billion at today's value, making it one of the top five wallets in history.

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