An early Bitcoin whale tied to the Satoshi era has reawakened, shifting a massive stash of over 40,000 BTC—valued at $4.77 billion—to a new wallet this week, according to Lookonchain.
The move comes just days after the same whale sent a similar amount to Galaxy Digital, which later forwarded 6,000 BTC to Binance and Bybit.
This activity follows Bitcoin’s recent spike to a new all-time high of $122,000, before dipping back to around $118,000. Analysts suggest large holders cashing out could be behind the pullback.
The whale first appeared in motion on July 4, after sitting idle for over a decade. Blockchain data reveals the original BTC was split across eight wallets, with the first deposits dating back to 2011 when Bitcoin traded below $1.
In a separate move, a smaller whale also came out of dormancy this week, moving 1,042 BTC—worth over $120 million—after six years of inactivity. Those funds originated from Braiins Mining and Xapo Bank back when Bitcoin was under $9,000.
Meanwhile, major early holders like Satoshi Nakamoto, the Winklevoss twins, Tim Draper, and Michael Saylor continue to hold their BTC untouched, with Nakamoto’s legendary 1.096 million BTC still frozen in place.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/dormant-bitcoin-whale-resurfaces-moves-over-4-7b-in-btc-after-14-year-silence/