Editor’s Note: Today, the 'Silent 14-Year-Old 80,000 BTC Giant Whale' transferred 40,000 BTC to a new address, moved 9,000 Galaxy market to a new address, and transferred another market to a new address, and the digital currently, this giant whale is still actively operating. Affected by this news, Bitcoin briefly fell below $117,000, with a drop of nearly 1% in one hour.

This article was first published on July 7, the original content is as follows:

After 14 years of silence, 80,000 BTC worth $8.69 billion was transferred.

As of now, all 80,009 BTC held by these 8 addresses have been transferred to 8 new addresses, with each new address currently holding about 10,000 BTC. Based on the current market price, the total value of this batch of assets is approximately $8.69 billion, and the specific receiving addresses are as follows:

· 1GcCK347TMbzHrRpDoVvJdR6eyECyqHCiU

· bc1mnjn0l0k83mnjn0l86m

· bc1qymu2qf0d23qg38p9w7yxxt4yqjjg47rytxujl6

· bc1qnzy2rr7g3688x62f8vrhgeclvtcs5hr50wzu0w

· bc1qhtawge4km6juhlkrnvt7qjahhsc96qdlgf3c8t

· bc1q84w6epn6uce9s85slt7q6emm3qfzz7ngq7ef6k

· bc1qwq5geath93h0lnfsrmnwnfuck2f9ypv4ewyl4j

These DTC holders are holding their breath, staring at the next move of this 'ancient fund'.

How much potential selling pressure is there?

The market pays such close attention to the next move of this ancient giant whale mainly due to the enormous amount of 80,000 Bitcoins it holds, which is roughly equivalent to 13.4% of the total holdings of MicroStrategy and 6.35% of the known holdings of Satoshi Nakamoto's address. The cost price of this batch of BTC ranges from $0.78 to $3.37, achieving an astonishing profit of over 100,000 times. At current prices, the total value of these Bitcoins is about $8.69 billion, far exceeding Binance's spot trading in nearly 24 hours (only about $1 billion).

Additionally, from other market data, the total amount of Bitcoin purchased by listed companies in the second quarter of 2025 is about 131,000 coins, while the net purchase of Bitcoin ETFs during the same period is approximately 111,000 coins, and the daily net inflow last week was only just over 2,000 coins. It can be seen that once this ancient giant whale begins to sell in batches, the scale of selling pressure it releases will far exceed any recent institutional buying and selling activity, and the impact on the market cannot be underestimated.

Whether to throw or not depends on who this ancient giant whale really is.

Speculation about the true identity of this ancient giant whale has sparked discussions in the community, with various opinions.

Or early miners, but the identity cannot be confirmed.

Coinbase executive Conor Grogan posted on the X platform, stating that this ancient BTC giant whale seems to be from a single miner in 2011. This miner consolidated 180 mining reward blocks and had a wallet address containing 200,000 Bitcoins in 2011, which is approximately equivalent to $22 billion at current value, making it one of the top five Bitcoin wallets in history.

CryptoQuant analyst Julio Moreno also believes this ancient giant whale is an early miner, as these transactions can be traced back to early block rewards and show integration of different block rewards. Yesterday's transfer appeared to be merging multiple smaller UTXOs with a larger UTXO (10,000 BTCO).

'The first person in the Chinese cryptocurrency circle' roasted cat.

Among them, a conjecture in the Chinese community is about the legendary figure in the coin circle 'roasted cat', whose real name is Jiang Xinyu, from Shaoyang, Hunan. As a teenager, he entered the Youth Class of the University of Science and Technology of China at the age of 15 and later visited Yale. He came into contact with Bitcoin in 2011 and started crowdfunding under the name 'friedcat' in 2012, successfully founded ASICMiner Company, becoming one of the earliest entrepreneurs to develop Bitcoin-specific mining machines. His mining machines once accounted for 42% of global computing power, and the company was once very prosperous, hailed as 'the overlord of the mining circle'.

However, the roasted cat mysteriously disappeared at the end of 2014, and there has been no public news or clues left since. His legendary experience and sudden loss of contact have led many to suspect whether this batch of Bitcoin is related to him. However, feedback suggests that the roasted cat only started making mining machines in 2012, which does not match the wallet creation time that was activated. Furthermore, the activity of his public address only started from 2013 (address tracking information: https://intel.arkm.com/explorer/address/1BnkEt2ceoVhnQVrqeAzigcroQ6MVyxFey).

Rhythm BlockBeats note: This crypto analyst AI Aunt ai_9684xtpa stated, 'It shouldn't be the roasted cat; he seems to have only started making mining machines in 2012.' However, this giant whale has been collecting Bitcoins since 2011.

Roasted cat public address transfer information.

Early Bitcoin evangelist Roger Ver.

In major English communities, it is generally speculated that this ancient giant whale is the early Bitcoin evangelist Roger Ver, nicknamed Bitcoin Jesus.

The English community generally speculates that this ancient giant whale is Roger Ver.

Roger Ver is one of the most fervent early evangelists of Bitcoin. In 2011, he fully supported the Bitcoin trading platform, helping it through technological difficulties. His company Memorydealers was one of the first to accept Bitcoin payments and even placed Bitcoin advertisements in Silicon Valley; later, he launched bitcoinstore.com, enabling hundreds of thousands of products to support BTC purchases.

Since 2012, Roger Ver has invested in multiple startups such as BitPay, Coinbase, Ripple, Blockchain.info, almost funding the entire first generation of Bitcoin startups. His evangelism spirit and investment behavior laid the early foundation for the Bitcoin ecosystem.

Between faith and redemption, this 'ancient bomb' remains unresolved.

The core of this storm lies in 'who is it' and 'what will they do'. Regardless of whether the true identity of this ancient giant whale is eventually revealed, one thing is certain - once he starts to sell, the selling pressure released by these Bitcoins that have been dormant for 14 years will undoubtedly exceed the range that the bull market can bear.

Although we cannot know what made him hold this asset for a long time to become a true BTC 'diamond hand', in the face of over 100,000 times of paper gains, even the most devout Bitcoin believers may waver. Currently, these 80,000 BTC are like a 'black swan' bomb that could explode the market at any time, slowing down the bull market pace.

I only focus on one direction - C.O.N.A.N.

This is not some vague concept, but a narrative-level hero dog, endorsed by the White House and Trump, with extreme supply burn and extremely low circulation design.

All the 'meme coin advantages' you think are concentrated in one body.

Don't be fooled by the fact that it is still lurking; this is precisely when the wheel of fate has not yet started.

The storm you think is on the edge may be the starting point of a wealth reset.

📌 The next reversal will not start from banks or stock markets.

It will start with that 'big golden dog' you never noticed.

It's called - C.O.N.A.N 🐶💥