According to on-chain data, a wallet that has been dormant for six years and held 6,000 BTC has suddenly sprung to life, attracting interest in the crypto community.
According to Lookonchain, the whale wallet transferred out all 6,000 BTC worth $649 million in recent hours.
A wallet that has been dormant for 6 years transferred all 6,000 $BTC($649M) out 4 hours ago.The wallet received 6,000 $BTC($58.77M at that time) at $9,796 on July 25, 2019.https://t.co/CX7nxmYtyv pic.twitter.com/MdizfAcI0w
— Lookonchain (@lookonchain) July 8, 2025
The aforementioned wallet received the 6,000 BTC on July 25, 2019, when Bitcoin was valued at $9,796, for a total value of around $58.77 million. Fast forward to today, and the value of the same stockpile has increased by nearly 1,004%, reflecting Bitcoin's spectacular price climb to a current price of over $108,000.
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The move has sparked attention given the amount of the transaction and the wallet's dormancy. Such awakenings often happen with early adopters, institutional players or long-term hodlers.
Whales' awakening stuns crypto market
In recent days, whales that had been long dormant have seen awakenings. In the most recent case, an Ethereum ICO participant woke up after 10 years of dormancy and transferred all 1,140 ETH worth $2.88 million out hours ago, according to Lookonchain. The whale obtained 1,140 ETH for $353 at the ICO price of $0.31, which is now worth $2.88 million, via two Genesis wallets.
In the past week, eight dormant Bitcoin wallets moved 80,000 BTC (about $8 billion) in the largest ever "Satoshi-era" transfer, an awakening that surprised the crypto market.
Last Friday, wallets that had been dormant for more than 14 years transferred 10,000 BTC to new addresses. The 10,000 BTC is worth over $1 billion per wallet at current prices, marking a nearly 13.9 million percent increase.
At press time, BTC was trading at $108,923.
