Recently, the cryptocurrency market was shaken by an event termed the "ancient giant whale sell-off"—a mysterious address holding 80,000 Bitcoins, dormant for 14 years, sold off 40,000 Bitcoins through the U.S. listed company Galaxy within 48 hours. The scale and operational mode quickly sparked market speculation about the identity of the seller and the underlying logic.
Identification of the giant whale: from holding characteristics to operational trajectory
To hold 80,000 Bitcoins for 14 years with almost no movements, two core conditions must be met: first, there is no need to rely on liquidating this asset, and second, there are objective constraints that make long-term "operation impossible." Based on this selection, the pool of global candidates that meet the criteria is narrowed down to five: one Chinese citizen, one overseas Chinese, one high-ranking Chinese official, one high-ranking U.S. official, and the founder of the dark web "Silk Road," Ross Ulbricht.