In the first days of July, an extraordinary sale occurred: an ancient whale dusted off its wallet to move more than 80,000 BTC that had been stored since 2011. Just as you read, it wasn't dead, it was out partying!
This Satoshi-era whale finished selling its more than 80,000 bitcoins. This is considered the 'largest theoretical Bitcoin sale in history', according to Galaxy Digital, with assets valued at a few thousand dollars in 2011, which today are worth over USD $9 billion.
The unprecedented movements — which coincided with a new BTC price high of USD $123,000 — soon caught the attention of the cryptocurrency community, provoking various theories; especially after on-chain data showed that the bitcoins were heading to centralized exchanges, possibly with the intention of a massive sale.
Many people still have no idea what sparked this movement; however, this shows that reality surpasses fiction. When you think something is not possible, there will always be someone who has more and more.
Ready for August... More is coming!
