A long-dormant Bitcoin whale has moved 3,000 BTC, worth roughly $349 million — after a decade of complete inactivity.
Blockchain data shows the transfer took place Thursday, with 100 BTC moved from each of 30 legacy addresses to a series of modern wallets. The coins had sat untouched since 2015, when Bitcoin traded for just a fraction of today’s price.
Major Bitcoin whale makes a shocking move after 10 years
Fri, August 8, 2025 at 7:02 PM GMT+3 2 min read
In This Article:
Major Bitcoin whale makes a shocking move after 10 years originally appeared on TheStreet.
A long-dormant Bitcoin whale has moved 3,000 BTC, worth roughly $349 million — after a decade of complete inactivity.
Blockchain data shows the transfer took place Thursday, with 100 BTC moved from each of 30 legacy addresses to a series of modern wallets. The coins had sat untouched since 2015, when Bitcoin traded for just a fraction of today’s price.
The identity of the whale remains unknown. In crypto slang, a “whale” is an entity either an individual, a fund, or a company that holds at least 1,000 BTC, valued at over $116 million at current levels.
Many whales are early adopters, miners, or institutions that accumulated massive holdings before Bitcoin’s mainstream breakthrough.
Such movements are rare and can rattle markets because whales control a significant portion of circulating supply. A sudden transfer often sparks speculation: is the holder preparing to sell, reshuffle custody arrangements, or simply consolidate security? If whales liquidate on the open market, it can create heavy selling pressure, but if the coins are moved for safekeeping or to an OTC desk, the impact can be muted.
TheStreet
Major Bitcoin whale makes a shocking move after 10 years
Arjun Parashar
Fri, August 8, 2025 at 7:02 PM GMT+3 2 min read
In This Article:
BTC-USD
+1.24%
Major Bitcoin whale makes a shocking move after 10 years originally appeared on TheStreet.
A long-dormant Bitcoin whale has moved 3,000 BTC, worth roughly $349 million — after a decade of complete inactivity.
Blockchain data shows the transfer took place Thursday, with 100 BTC moved from each of 30 legacy addresses to a series of modern wallets. The coins had sat untouched since 2015, when Bitcoin traded for just a fraction of today’s price.
The identity of the whale remains unknown. In crypto slang, a “whale” is an entity either an individual, a fund, or a company that holds at least 1,000 BTC, valued at over $116 million at current levels.
Many whales are early adopters, miners, or institutions that accumulated massive holdings before Bitcoin’s mainstream breakthrough.
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Such movements are rare and can rattle markets because whales control a significant portion of circulating supply. A sudden transfer often sparks speculation: is the holder preparing to sell, reshuffle custody arrangements, or simply consolidate security? If whales liquidate on the open market, it can create heavy selling pressure, but if the coins are moved for safekeeping or to an OTC desk, the impact can be muted.
This latest transfer comes just weeks after another record-breaking whale move. In July, a separate early holder sold more than 80,000 BTC — over $9 billion at the time in what Galaxy Digital described as one of the largest exits in crypto history. That sale was absorbed by Bitcoin treasury firms eager to bolster reserves, underscoring institutional demand.
For now, there’s no confirmation the newly moved 3,000 BTC have been sold.
Bitcoin’s price action has been choppy in recent weeks. After hitting an all-time high near $123,000 in mid-July, BTC has struggled to hold above $115,000. As per Kraken’s price feeds, Bitcoin rose a modest 1.3% to about $116,500 in the last 24 hours, while Ethereum gained 4.6% to nearly $3,900. XRP, however, surged more than 12%, leading major altcoins.