Dormant Bitcoin Whale Awakens After 14 Years, Moves $468 Million
24.07.2025 ForkLog
On July 24, a wallet associated with an “early” Bitcoin whale transferred 3,962 $BTC (approximately $468 million at the current rate) to a new address. Analysts at Whale Alert noted this activity.
The owner of the first cryptocurrency showed activity for the first time in 14 years. He acquired the transferred bitcoins at $0.393 per coin in January 2011, when their total value was estimated at $1,453.
Users speculated that the whale transferred the funds to a more secure wallet. Others suggested a connection to Satoshi Nakamoto. However, the true identity of the address owner remains unknown.
Whale Alert analysts also observed two significant Ethereum transactions. One wallet transferred 31,168 $ETH (approximately $113 million) to Coinbase Institutional, while another sent 27,090 ETH (approximately $98 million) to Cumberland.
Earlier in July, on the 17th, a whale dormant since 2011 “awoke”. It moved 80,000 BTC to eight new wallets. Analysts speculated that the investor was preparing to sell the funds through the over-the-counter service Galaxy Digital.
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