In a surprising move, a long-dormant Bitcoin whale has transferred and sold 300 BTC, currently valued at over $30 million, after holding the stash for more than 11 years.
Blockchain analysts reported that the wallet, originally active in 2013, became active again this week, raising speculation across the crypto community. Such long-term holders are often referred to as "whales" due to the size of their holdings and the potential impact their movements can have on market sentiment.
The whale moved the Bitcoin in three transactions of 100 BTC each, all sent to a major exchange wallet, indicating an intention to liquidate. This sudden awakening highlights the ongoing trend of early adopters realizing profits amid high prices and uncertain macroeconomic conditions.
Analysts believe this sell-off is unlikely to cause major disruption to Bitcoin’s price but serves as a reminder of the hidden supply still dormant in cold wallets.
The timing also coincides with ongoing market volatility and the upcoming Bitcoin ETF inflows, suggesting that some whales may see this as an opportune exit.
Such rare events continue to shape Bitcoin’s narrative and remind traders of its deeply layered history.