Bitcoin whale moves $34 million in BTC it got in 2013 when coins traded at $131
A dormant bitcoin wallet containing 411 BTC, acquired in 2013, recently moved its funds to a new address. While such movements often spark fears of a market sell-off, analysts suggest this is likely routine custodial maintenance.
Why it matters
Tracking long-dormant 'whale' wallets provides insight into supply distribution and the long-term holding behavior of early cryptocurrency adopters.
On Sunday, the wallet moved all 411.45 of its BTC to a new address, according to blockchain data from Arkham Intelligence. At today’s price of about $82,600 per coin, that stash is worth roughly $34 million. When the owner first acquired those coins, the entire balance was worth just $54,000.
This awakening is part of a broader trend of historic supply shifting wallets this month. Just a day prior, two other wallets dormant for over a decade moved a combined 417 Bitcoin, and the week before, a large whale wallet static since the pre-Covid crash migrated its funds .
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