PANews reported on July 4 that Conor Grogan, director of Coinbase, said on the X platform that the ancient whale that transferred tens of thousands of BTC today seemed to be a single miner in 2011. The miner integrated 180 mining reward blocks and had a wallet address containing 200,000 bitcoins in 2011, which is about $22 billion at the current value, making it one of the top five bitcoin wallets in history.