Blockchain analytics firm Lookonchain reported that a long-dormant Satoshi-era Bitcoin whale had moved 40,192 BTC, worth approximately $4.77 billion, to a fresh wallet. The transaction follows an earlier transfer of 40,009 BTC just days prior, bringing the whale’s total activity this month to over $9.5 billion.
This anonymous holder, whose Bitcoin was mined or acquired in April and May 2011, first appeared on Lookonchain’s radar on July 4, marking their first movement of BTC in more than 14 years. The whale originally held 80,000 BTC across eight wallets. Two of those wallets received 20,000 BTC each in April 2011, when Bitcoin was trading around $0.78, making the total worth $15,600 at the time. The remaining 60,000+ BTC were received in May 2011, then worth only $202,000 when BTC hovered near $3.37.
Galaxy Digital, an institutional crypto asset manager, received the first 40,009 BTC, according to Nansen data. Galaxy subsequently transferred 6,000 BTC to exchanges Binance and Bybit, fueling speculation that a massive sell-off may be underway or in preparation.
Despite the potential sell pressure, markets have responded steadily. However, whale movements of this magnitude often stir caution, especially considering their potential to influence liquidity and price volatility.
Who Else Is Still Holding?
The awakening of this decade-old wallet highlights the rarity of such events. While this whale chose to move their assets, others have remained idle. Satoshi Nakamoto, Bitcoin’s pseudonymous creator, reportedly holds 1.096 million BTC untouched. Meanwhile, public figures like the Winklevoss twins (estimated 70,000 BTC), Tim Draper (30,000 BTC from a 2014 US Marshals auction), and Michael Saylor (17,732 BTC in private holdings) continue to hold firm.
As institutional interest and scrutiny around Bitcoin deepen, movements from legacy wallets—especially ones with direct historical links to the early days of Bitcoin—continue to captivate analysts and traders alike.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and risky. Always conduct your research before making any investment decisions.
