BTC Whale Transfers 3,000 Bitcoin After 5 Years Dormant

An anonymous Bitcoin whale known as ’19D5J8′ transferred 3,000 BTC, worth approximately $353 million, to a new wallet after five years of inactivity, according to Lookonchain.

This large transfer has sparked market speculation, highlighting the influence dormant Bitcoin holders can have when reactivating substantial funds.

Bitcoin Whale Transfers $353 Million After Years of Dormancy

Lookonchain’s on-chain analytics revealed that after five years, the Bitcoin OG whale “19D5J8” moved 3,000 BTC out of their wallet, valued at $353.16 million at the time of transfer. The whale’s legacy holdings are significant, consisting of 23,969 BTC—worth approximately $2.82 billion. This is the first known movement in years for this historically dormant account.

The whale’s action of transferring BTC to a modern SegWit-style wallet suggests security or consolidation motives rather than liquidation. Despite the large movement, there is no indication the funds entered exchanges or affected liquidity, leaving the broader market undisturbed.

Market speculation remains strong, but no significant figures or institutional players have confirmed their plans. With no reactions from major Bitcoin developers or regulatory bodies, community interest continues without official clarification.

Market Overview

Did you know? In July 2025, an OG whale moved ~80,000 BTC without market disruption, showing similar patterns of consolidation and security adjustments.

Bitcoin (BTC) currently trades at $117,369.24 with a market cap of $2.34 trillion and market dominance at 58.96%, according to CoinMarketCap. The recent 24-hour trading volume is $65.47 billion, marking a decrease of 29.76%. BTC’s 90-day price shows a steady 13.01% increase.

The Coincu research team observes Bitcoin’s minimal price movement despite the whale’s transfer. Historically, such actions do not lead to massive sell-offs. Regulatory focus and security practices may increase, but price stability is expected if BTC remains out of exchange order books.