A long-sleeping Bitcoin whale has finally stirred, moving funds for the first time in nearly 13 years. The wallet, holding over 444 BTC worth $50.7 million, transferred around 137 BTC ($15.6 million) this week. According to on-chain data, 132 BTC went to a new address while 5 BTC landed on a Kraken deposit address—possibly hinting at a sale.
Back in 2012, when the wallet last moved coins, Bitcoin was just $12.22, meaning its value has since skyrocketed more than 9,300x. Despite the transfer, the original address still holds over 307 BTC ($35.1 million).
This move highlights a broader trend of OG Bitcoin wallets reawakening as BTC continues to set fresh all-time highs. With recent shifts from BTC to ETH and even multi-billion-dollar estate-related liquidations, these whale movements are catching global attention.
Conclusion
Dormant whales are waking, reminding the market how early adopters still hold massive influence.
Takeaways
A Bitcoin whale moved $50M after 13 years of dormancy.
Wallet still holds 307 BTC ($35.1M).
Whale sent 5 BTC to Kraken, possibly to sell.
Old wallets are reactivating as Bitcoin hits all-time highs.
Source: The Block
