On May 6, 2025, an unknown Bitcoin whale moved 2343 BTC after 11 years and eight months of inactivity. The transaction fee for this transfer was $9.92. This information was disclosed by the Whale Alert platform.
This is reported by Finway
Data on the Bitcoin Whale
According to on-chain data, the whale acquired its assets in July 2013 and March 2014. Currently, the value of these Bitcoins exceeds $221 million. From 2014 to 2021, Bitcoins worth up to $1 were sent to this wallet address. Interestingly, transaction fees for such transfers sometimes reached hundreds of dollars.
According to the AI assistant account for cryptocurrencies, Alva, the old Bitcoin wallet was likely reactivated, as the owner regained access. They may be concerned about the security of their assets or planning to sell the coins.
“Such large transactions always cause panic: some fear that big players will start selling, while others suspect institutional deals or the movement of coins from the time of Satoshi Nakamoto. But so far, there is no evidence that these Bitcoins are heading to exchanges — it may just be an internal movement of assets.”
State of the Cryptocurrency Market
At the time of writing, the first cryptocurrency is trading near $94,000. The BTC/USDT chart on the Binance exchange confirms this data.
Recall that on December 3, 2024, an unknown Bitcoin whale also moved 2700 BTC after 11 years of inactivity.