The crypto world was shaken today as a long-dormant Bitcoin wallet suddenly came to life. The wallet, inactive for over six years, moved 6,000 BTC — now worth around $649 million — instantly drawing attention from on-chain analysts and investors worldwide.
🔹 Originally Purchased in 2019
The whale received its BTC on July 25, 2019, when Bitcoin was trading at around $9,796. Back then, the total value of the transaction was approximately $58.77 million. Today, with BTC trading above $108,000, the holdings reflect an astronomical 1,004% gain.
🔹 Why It Matters
Such awakenings often involve early adopters, institutional players, or long-term holders. These rare movements typically precede major market shifts or strategic asset reallocations.
🐋 Dormant Whales on the Move: Market Unsettled
This isn’t an isolated event. Several old wallets with massive crypto holdings have been suddenly activated in recent days:
🔹 Ethereum ICO Participant Moves Funds After 10 Years
An Ethereum early adopter just transferred 1,140 ETH (worth $2.88 million). The ETH was originally bought for just $353 at the ICO price of $0.31. This transaction, too, came after a decade of inactivity.
🔹 Biggest Ever Move from the Satoshi Era
Last week, eight dormant BTC wallets moved 80,000 BTC — valued at $8 billion — marking the largest coordinated transfer of Satoshi-era coins in Bitcoin’s history.
🔹 Friday’s Billion-Dollar Shock
A few days ago, several wallets inactive since 2010 transferred 10,000 BTC to new addresses. At current prices, that stash is worth over $1 billion, having grown from an original value of just $739.
Conclusion:
The massive movement of old BTC and ETH holdings signals a new phase for the crypto market. Whether these are sell-offs, strategic transfers, or institutional preparations remains unclear. But one thing is certain: When dormant whales move, the entire market watches.
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