A major Bitcoin holder, known as a Bitcoin whale, has activated their wallet containing a balance of 744 BTC for the first time in over 13 years. The last activity recorded at this address was back in 2012. At the time of the transactions, the total value of the owner’s assets exceeded $85 million.
This is reported by Finway
Details of Fund Movement and Asset Structure
According to monitoring services, the Bitcoin whale has distributed their assets across two addresses: one holds 444 BTC, while the other contains 300 BTC. A significant portion of the coins was transferred to another address — approximately 114 BTC. It is known that 5 BTC from this amount ended up on the centralized cryptocurrency exchange Kraken. Despite the substantial transfer volume, the transaction fee was only $1.48, highlighting the efficiency of the Bitcoin network for large transactions.
Market Reaction and Wallet History
The AI-based crypto assistant Alva notes that such cases of “waking up” old addresses often attract increased attention among investors. However, if the coins do not flow into major exchanges, the impact on Bitcoin’s market price usually remains limited. Experts emphasize that the Bitcoin market today is characterized by significant depth, with active capital inflows into ETFs and a rise in traders’ open interest.
“Most of these ‘awakenings’ create a stir, but if the coins do not go to major exchanges, the impact on price is usually limited.”
It is known that this Bitcoin whale received their first 10 BTC back in August 2012. Over the following months, additional amounts flowed into the wallet: 185 BTC in September, about 34 BTC in October, and another 137 BTC in November of the same year. Such a long period of inactivity and the sudden movement of coins traditionally raise heightened vigilance in the cryptocurrency community.