#BTCWhaleMovement

Sleeping Giant Awakens: Bitcoin Whale from 2011 Moves $3.2B After 14 Years of Silence

On July 4, a bitcoin whale that had been off the radar since 2011 suddenly came to life, moving a massive amount of 20,000 BTC for the first time in over 14 years. During that period, the holder saw their reserve inflate in value by an astonishing 141,565,494%. After moving the 20,000, the entity moved another 10,000 BTC in block 903967.

Wallet linked to Mt Gox sends $3.2 billion to three new addresses

An old bitcoin whale just shook off the dust, moving a hefty pile of BTC while prices have been hovering slightly above the $109,000 mark in the last 24 hours. The movement came from two separate P2PKH (Pay-to-Public-Key-Hash) addresses, each sending 10,000 BTC to more modern wallets.

Both transactions involved a neat cleanup of unspent transaction outputs (UTXOs), grouping numerous small fragments into newly activated wallets. The movement was captured by btcparser.com.

The first transfer was settled at block height 903916 from an address originally established on April 2, 2011. The second movement followed shortly thereafter, confirmed at block height 903921 from another wallet created that same day, over 14 years ago.

While the first 10,000 BTC landed in a newer P2PKH wallet, the second batch arrived at a more modern P2WPKH (Pay-to-Witness-Public-Key-Hash) address. In 2011, when the funds were originally acquired, each bitcoin cost only $0.77.

Fast forward to today, with BTC trading above $109,000, that same reserve of 20,000 BTC is now valued at over $2.1 billion. This means that the value of the funds has appreciated by an impressive 141,565,494% in value against the US dollar.

An interesting detail about the transfer is that the wallets used