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Early bitcoin wallet that was sleeping for more than 14 years, suddenly returned to life this week and transferred all 10,000 BTCNow worth $ 1.09 billion, in one transaction.
The wallet first received these coins on April 3, 2011, when bitcoins traded for only $ 0.78 per token, which is a stunning 140,000x return, which transforms a modest investment of $ 7,800 into millions.
Analyst on the chain of Lookonchain He identified a massive movement and noted that the entire balance was transferred to an unknown address of the wallet without any test transactions.
No confirmed stock market activity has been found so far, which the community would speculate whether it could be a real sale, internal transfer of custody or real estate management decisions.
When sleeping giants wake up
The date of acquisition in April 2011 will place this investor among the oldest bitcoin adoptors, because the wallet was purchased at a time when the cryptocurrency broke over $ 1 for the first time.
For 14 years, these coins remained untouched when bitcoins evolved from digital curiosity to the class of institutional assets, survived multiple boom-bust cycles, regulatory interventions and technological improvements.
Similar Wake of Whale has become increasingly common, with Another wallet moving $ 252 million After eight years of dormancy while the separate sleeping addresses were transferred 2,000 BTC after 14 years inactivity.
Recently Arkham Intelligence reported The fact that another main whale sold 11,400 BTCs ensured profits of 2,400 BTC and their total shares reached more than 15,000 BTC worth $ 1.3 billion.
More factors could drive such movements. However, the community primarily speculates on personal needs of liquidity, real estate planning or transfers to an institutional manager looking for professional management.
The complete absence of test transactions excels as unusual, because most users moving in large quantities usually send small amounts to verify the addresses of the wallet before billing billions.
Traders often interpret these movements as potential selling signals, although many whales will eventually prove to be changes in custody than disposal.
Bitcoin handover
This awakening of the whale coincides with the fundamental shift in the ownership structure of the bitcoins, because the anonymous first holders gradually transmit coins to institutional players through ETF, corporate treasures and emerging sovereign reserve strategy.
Bloomberg data It shows that in the last year large holders have interpreted more than 500,000 bitcoins worth over $ 50 billion, which roughly corresponded to the pure tide into the US funds traded.
Recent data suggest that the traditional dominance of bitcoins may be permanently shifted because the market ripens into a more structured institutional environment that controls approximately a quarter of all bitcoins in circulation.
Kryptoquant Data It also shows that long -term holders have accumulated more than 635,000 BTC since January, while short -term holders sold more than 460,000 BTC.
Bitcoins accumulate long -term holders of 635K BTC since January, when traders double the strategy of bull options, signaling confidence in the middle of volatility $ 94,000.#Bitcoin #Cryptomarketshttps://t.co/men9ens0wj
– Cryptonews.com (@cryptonews) April 24, 2025
President Trump’s recent executive order The establishment of a strategic bitcoin reserve adds another institutional layer. However, the initial market reaction has proved to be disappointing, as the reserve will be capitalized primarily by existing government shares.
Acceptance at state level differs dramatically and 26 countries introduce 47 accounts to set up Bitcoin reserves. Between them, Connecticut has recently moved in the opposite direction By signing comprehensive legislation prohibited by the introduction of investment in digital assets.
In particular, the shift from anonymous whales to institutional allocators can help maintain current market dynamics for years and create what 10 times research CEO Markus Thielen call “Rather slow grinding, where bitcoins become more than 10% -20% asset.“
Contribution Soon Bitcoin buyers will change $ 7,800 to $ 1 billion – here has happened He appeared for the first time Cryptonews.
