The ancient whale that has been silent for 14 years.
On-chain data monitoring shows that since noon yesterday, the address of a certain ancient whale that has been silent for 14 years has become active again, and its associated 8 wallet addresses have been activated one after another.
These 8 addresses can be divided into two batches: 2 of the addresses received 20,000 BTC as early as April 2, 2011, when the price of Bitcoin was only about $0.78.
The remaining 6 addresses received 60,009 BTC on May 4, 2011, when the price of Bitcoin was $3.37.
As of now, all 80,009 BTC held by these 8 addresses have been transferred to 8 new addresses, each new address now holds about 10,000 BTC.
At current market prices, this batch of assets is worth about $8.6 billion, and the specific receiving addresses are as follows:
1GcCK347TMbzHrRpDoVvJdR6eyECyqHCiU
bc1qmnjn0l0kdf3m3d8khc6cukj8deakg8m588z24g
bc1qymu2qf0d23qg38p9w7yxxt4yqjjg47rytxujl6
bc1qnzy2rr7g3688x62f8vrhgeclvtcs5hr50wzu0w
bc1q2lkyqvqqwus9pl96krgtk4rh0fqu8gtmpuwgmc
bc1qhtawge4km6juhlkrnvt7qjahhsc96qdlgf3c8t
bc1q84w6epn6uce9s85slt7q6emm3qfzz7ngq7ef6k
bc1qwq5geath93h0lnfsrmnwnfuck2f9ypv4ewyl4j
Who could the ancient whale be?
As of now, all 80,009 BTC held by these 8 addresses have been transferred to 8 new addresses, each new address now holds about 10,000 BTC.
At current market prices, this batch of assets is worth about $8.6 billion, and the specific receiving addresses are as follows:
1GcCK347TMbzHrRpDoVvJdR6eyECyqHCiU
bc1qmnjn0l0kdf3m3d8khc6cukj8deakg8m588z24g
bc1qymu2qf0d23qg38p9w7yxxt4yqjjg47rytxujl6
bc1qnzy2rr7g3688x62f8vrhgeclvtcs5hr50wzu0w
bc1q2lkyqvqqwus9pl96krgtk4rh0fqu8gtmpuwgmc
bc1qhtawge4km6juhlkrnvt7qjahhsc96qdlgf3c8t
bc1q84w6epn6uce9s85slt7q6emm3qfzz7ngq7ef6k
bc1qwq5geath93h0lnfsrmnwnfuck2f9ypv4ewyl4j
Who could the ancient whale be?
Speculations about the true identity of this ancient whale have sparked discussions in the community, with various opinions.
It could be an early independent miner.
Coinbase executive Conor Grogan stated on platform X that this BTC ancient whale seems to be an independent miner from 2011.
CryptoQuant analyst Julio Moreno also believes that this ancient whale is an early miner because these transactions can be traced back to early block rewards and show integration of different block rewards.
Some media analysis suggests it could be 'the first person in the Chinese crypto circle', Fried Cat.
One speculation in the Chinese community is the legendary figure in the crypto circle 'Fried Cat', real name Jiang Xinyu, from Shaoyang, Hunan. A child prodigy, he entered the youth class of the University of Science and Technology of China at the age of 15 and later went to Yale for academic exchange.
In 2011, he was exposed to Bitcoin, and in 2012, he successfully initiated a crowdfunding project under the name 'Fried Cat' to establish ASICMiner Company, becoming one of the earliest entrepreneurs to develop Bitcoin-specific mining machines.
Their mining machines once accounted for 42% of global hash power. The company enjoyed great success at one time and was hailed as a 'dominant force in the mining circle'.
However, Fried Cat mysteriously disappeared at the end of 2014, and there has been no public news or clues since.
Some analysts believe it is MMM Company founder Mavrodi.
In 2003, Mavrodi was arrested for suspected large-scale fraud and was later sentenced to four and a half years in prison, released in 2007.
In January 2011, Mavrodi rebuilt the financial pyramid MMM-2011, which collapsed a few months later. He then built MMM-2012, which was again prosecuted in May 2012.
Unfortunately, Mavrodi passed away in 2018 due to ineffective rescue.
Mavrodi may be a person directly connected to Satoshi Nakamoto, as in the early days of Bitcoin, MMM Company promoted a project that must have an opportunity to gain absolutely large profits.
It's impossible for you to risk your life to promote a big pie that was worthless back then.
Retail investors are worried about a market crash.
These BTC have not yet been transferred to any exchange but have already stirred the market nerves, and crypto players around the world are worried about a market crash.
According to data from other markets, the total amount of Bitcoin purchased by listed companies in the second quarter of 2025 was 131,000, while the net purchase of Bitcoin ETFs during the same period was about 111,000, and last week's daily net inflow was only over 2,000.
It can be seen that once this ancient whale starts to sell off 80,000 Bitcoins worth nearly $8 billion in batches, the selling pressure released will far exceed any recent institutional buying and selling activities, and the impact on the market should not be underestimated.
If you think this way, then you really underestimate decentralized finance.
First of all, the current market is no longer a retail market. If this kind of news occurred a few years ago, Bitcoin would definitely fall by 10-30%.
Now it is dominated by American institutions; this situation is unlikely to happen, and the market price has already stabilized.
Moreover, there has been no market crash sell-out, and it doesn't benefit either party logically or emotionally. There are many ways to sell; why use a market crash approach?
In Shuai Teng's view, the current market situation is very poor, retail investors have little leverage, and institutions have been increasing their holdings. Everyone expects this batch of leverage will crash the market and buy Bitcoin at the bottom.
Moreover, this is only aimed at players dealing with Bitcoin contracts and spot.
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