Dormant whale buys 250 BTC worth $26.37M.
Last active 2 years ago after withdrawing 500 BTC from Gemini.
Whale now holds $39M in unrealized profits.
A major crypto whale that had remained inactive for over two years has suddenly returned to the scene with a massive purchase. Just 9 hours ago, this wallet address bought 250 BTC, valued at around $26.37 million. This move has reignited interest in dormant wallet activity, often seen as a strong indicator of market confidence.
What makes this event even more intriguing is the whale’s history. Two years ago, the same address withdrew 500 BTC — then worth $13.7 million — from Gemini when Bitcoin was priced at $27,401. Since then, the whale had not made any significant on-chain moves, making their return all the more notable.
Unrealized Profits Soar to $39 Million
Thanks to Bitcoin’s recent price surge, the whale’s earlier 500 BTC investment has ballooned in value. Today, those same coins are worth around $53.5 million, netting the holder a massive unrealized profit of approximately $39 million. This new 250 BTC purchase suggests the whale sees more upside potential in Bitcoin’s current trajectory.
Such actions by long-dormant whales often send strong bullish signals across the crypto market. These investors typically move with calculated intent, and their reactivation can influence market sentiment, especially among retail traders watching whale activity closely.
A whale that had been dormant for 2 years bought another 250 $BTC($26.37M) 9 hours ago.
2 years ago, this whale withdrew 500 $BTC($13.7M) from Gemini at $27,401, now sitting on an unrealized profit of $39M.https://t.co/c0U92isSfc pic.twitter.com/vcb4V3M0Uz
— Lookonchain (@lookonchain) June 8, 2025
What This Means for the Market
The return of dormant whales usually indicates increased confidence in long-term price appreciation. When wallets that have stayed silent for years suddenly spring to life and make sizable purchases, it often reflects a belief in further market upside.
With the Bitcoin price currently holding strong, and institutional interest continuing to grow, this whale’s move could be one of several signs pointing toward a more bullish phase for BTC. It’s a reminder that in the world of crypto, patience often pays — and sometimes, big.
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