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0 sats \ 2 replies \ @Catcher 1 Jun \ on: Ross Ulbricht received 300 $BTC($31.4M) to his donation wallet bitcoin
Mempool shows it as possible consolidation, also fee paid is 20M sats. I wonder what’s going on there and if someone can dig deeper.
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0 sats \ 1 reply \ @byzantine OP 1 Jun
It is a consolidation because lots of addresses sent to him with no change. Someone just dumped a bunch of coins into his donation address
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0 sats \ 0 replies \ @Bitcoiner1 1 Jun
I haven't see the txt on the mempool site.
A consolidation transaction is when sending many small utxos into a new address in the same transaction. So the new address will have a big utxo.
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