A massive movement of dormant Bitcoin has sparked renewed interest and speculation across the crypto community. According to Ki Young Ju, CEO of blockchain analytics firm CryptoQuant, a staggering 80,000 BTC—originally untouched for 14 years—has recently been sold. Even more intriguing, Ju suggests that these coins may trace back to the now-defunct wallet service MyBitcoin, which collapsed in 2011.$BTC
“The 80,000 BTC recently transferred had been inactive since April 2011 and are linked to MyBitcoin wallets,” Ju stated on X (formerly Twitter). “These could potentially belong to either the hacker involved in the 2011 incident or to MyBitcoin’s elusive founder, Tom Williams.”
The revelation has led to significant buzz, especially after Galaxy Digital confirmed its involvement in the transaction. The financial services firm announced it had facilitated the sale of more than 80,000 BTC—valued at over $9 billion—on behalf of a legacy client, describing the move as one of the largest nominal Bitcoin deals in history.
While Ju suspects Galaxy Digital may have acquired the coins, it remains unclear whether the firm conducted any forensic tracing of the origin. The transaction appears to be part of a long-term estate planning strategy tied to one of Bitcoin's earliest investors.
This historic movement of early-minted Bitcoin has reignited curiosity around dormant whale wallets and the lingering mysteries of the Satoshi era—highlighting once again how the past still echoes in today’s crypto market.#CryptoClarityAct #BNBBreaksATH #CryptoScamSurge