One of the early Bitcoin miners has transferred 2650 BTC to the addresses of market makers FalconX and Cumberland. The total value of the transaction exceeds $200 million, sparking a wave of discussion among cryptocurrency market participants.
This is reported by Finway
Details of the Large BTC Transfer
According to the analytical platform Arkham Intelligence, an early miner who was active during the time of Satoshi Nakamoto recently moved 2650 BTC to the accounts of FalconX and Cumberland. All funds were sent in three separate transactions. Despite the large operation, this miner still holds about 6000 BTC, which is equivalent to approximately $462 million at the current exchange rate.
“The OG miner still has 6000 BTC worth about $462 million.”
The Onchain Lens community emphasizes that such large transfers often precede potential asset sales. At the same time, the exact purpose of this transaction is currently undisclosed, which only heightens interest in the owner’s next moves.
Increase in Activity of ‘Sleeping’ Wallets
In recent weeks, the crypto community has observed an activation of large and long-inactive Bitcoin wallets. Specifically, on May 10, 2026, another major Bitcoin holder moved 500 BTC for the first time in 12 years, which at that time was valued at $40 million. In April, another large investor transferred Bitcoins worth about $20 million to Binance. Such transactions traditionally attract traders’ attention, as they may indicate preparations for sales or asset redistribution.
At the time of preparing this material, the Bitcoin price was holding around $77,500, having added 0.6% in the last day, while the weekly increase was only 0.04% (data from TradingView).
Currently, the price of Bitcoin is significantly lower than the historical high of over $126,000, which was recorded in October 2025. Over the past six months, the asset has decreased in value by 11.3%.
Additionally, it was previously reported that two ‘sleeping’ Ethereum whales have been activated.