Bitcoin’s Ancient Whale Surfaces Again: A Tale of Billions and Mischief

by

In a world where the quiet slumber of the ancients is often disturbed by the relentless march of progress, an ancient Bitcoin whale, having lain dormant for 14 years, has once again stirred, making headlines with a multi-billion-dollar BTC transfer. 🐳💰

About 10 days ago, two Bitcoin addresses, each holding 10,000 BTC, were emptied within minutes of each other on the 4th of July. These wallets had received their respective Bitcoin on April 3rd of 2011, when BTC was trading at a mere $0.78 a piece. One can only imagine the thoughts of the keeper of these ancient coins, perhaps chuckling at the absurdity of the value they now hold. 😂

Then, last week, Coinbase director Conor Grogan suggested that the whale wallets could potentially be linked to a hack. He noted that one of the wallets made a test transaction on the Bitcoin Cash (BCH) network just hours before the big move, a move that seemed designed to go unnoticed. 🕵️‍♂️

Now, according to the pseudonymous crypto analyst Satoshi Stacker, one of the two whales is at it again, moving almost $5 billion worth of BTC to new wallets. “The 80,000 BTC whale has moved 40,000 BTC worth around $4.7 billion to new addresses,” Stacker observed. “Around $2 billion of that BTC has then been transferred to centralized exchanges, likely to be sold. Are you buying this dip?” 🤔

While the wallets were dormant since April of 2011, they also received trace amounts of Bitcoin during the intervening period, possibly due to dusting attacks. These attacks, conducted by researchers, law enforcement officials, or criminals, are designed to sniff out the entities behind the addresses. It’s a modern-day treasure hunt, with the treasure being the identity of the mysterious whale. 🕵️‍♀️🔍

The phenomenon of long-dormant addresses suddenly getting active spurs media interest, often due to their potential link to the pseudonymous creator of Bitcoin, Satoshi Nakamoto. This enigmatic figure, who remains a mystery more than one and a half decades since the crypto king was introduced to the world, continues to captivate the imagination of the crypto community. 🤯

At the time of writing, Bitcoin is trading for $117,195, a 2.2% decrease on the day. The market, it seems, is as unpredictable as the movements of the ancient whales themselves. 🌊📉

Read More

2025-07-15 23:02