#REX-OSPREYSolanaETF The launch may have just occurred.

Conor Grogan believes there is a "small possibility" that billions of dollars in #Bitcoin that have been dormant for a long time were moved earlier today as a result of a private key hack.

Before the massive movements, one of the wallets associated made a small transaction on #Bitcoin_Cash.

Grogan suggested that this could be a way to test whether the private keys used to control $BTC wallets were compromised.

BTC

108,005.05

+0.25%

and $BCH is already operating. This way, the hacker could avoid unwanted attention as very few people actively monitor the mentioned blockchain. Other BCH wallets remained untouched, which seems strange.

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Furthermore, the analyst noted that the concerned Bitcoin transfers were manual. An exchange transfer would be automatic. Therefore, it is unlikely that a large institutional player is behind the massive Bitcoin movements.

The recent transfers are not what one would expect to see when an ordinary old whale decides to convert its funds to cash.

If Grogan's theory is correct, this could likely be the biggest cryptocurrency theft ever. However, it is worth noting that there is only a small possibility that this is the case. Grogan confirmed that he is "speculating on a hunch" in this case.

If this is true (again, I'm speculating on a hunch here), this would definitely be the largest theft in human history.

— Conor (jconorg,,rogan) July 4, 2025

According to data provided by Arkam Intelligence, one entity moved $8.6 billion of Bitcoin from a total of eight addresses. All of these coins had remained inactive for 14 years.

The currencies have not yet been transferred from the new addresses, according to Arkam. #NFPWatch #REX-OSPREYSolanaETF #CPI&JoblessClaimsWatch