“On Friday, July 4, analysts reported a number of addresses that have not been active over the last 14 years. In total, 80 009 BTC (about $ 8.7 billion) was transferred. Analysts have suggested that the whale has switched to safer modern addresses. A Bitcoin OG Holding at Least 80.009 $ BTC ($ 8.69b) WOKE UP AFTER 14+ YEARS OF DORMANCY AND TRANSFERRED OUT 40,000 […]”, – WRITE: Businessua.com.ua
On Friday, July 4, analysts reported a number of addresses that have not been active over the last 14 years. In total, 80 009 BTC was translated (about $ 8.7 billion). Analysts have suggested that the whale has switched to safer modern addresses.
A Bitcoin OG Holding at Least 80.009 $ BTC ($ 8.69b) WOKE UP AFTER 14+ YEARS OF DORMANCY AND Transferred Out 40,000 $ BTC ($ 4.35b) Toiday!
This OG Controls About 8 Wallets, 2 Of Wich Received $ 20,000 BTC ($ 15.600 at the Time, $ 2.18b Now) On April 2, 2011, WHEN THE PRICE OF US
– Lookonchain (@lookonchain) July 4, 2025
The transaction series began with two addresses, each of which stored 10,000 BTC. The coins remained on the wallets since April 2011, when Bitcoin cost $ 0.78.
During the same day, similar transfers of 10,000 BTC made six other wallets. The coins have been stored at these addresses since May 2011. Then the price was about $ 3.37.
According to Lookonchain experts, all eight addresses are controlled by one owner. Arkham analysts noted that moving is probably related to addressing addresses rather than preparing for sale. Seven of eight transactions led from Legacy address to the newer Bech32.
CTO Ledger Charles Hymeome indicated that these coins got on the Whale wallet even before the BIP39.
YESTERDAY, 80,000 BTC (Worth Roughly $ 8 Billion) Were Moved On-Chain. These Coins Date Back to 2011, Before The Bip39 Standard Existed.
Back Then, Private Keys Were Managed Individuly Per Address, With No Hardware Wallet Support (Even Today). This Suggests The Keys Were Stored…
– Charles Guillemet (@P3B7_) July 5, 2025
“This suggests that the keys were stored in the Wallet.dat file, and the transaction was probably signed with a software wallet. From a safety point of view, it is absolute madness, ”Guillaume explained.
The Cryptoquant Research Head Julio Moreno believes that coins belong to one of the early Bitcoin Miners – transactions lead to old rewards for blocks, and patterns testify to coin consolidation from various rewards.
The product director at Coinbase Conor Grogan also suggested that the coins belong to an early miner, whose balance was once up to 200,000 BTC.
There is a smalam Possibility that the $ 8b in btc that recently woke up were haked or compromiseed private keys
I Found A Single Bch Test Transaction From One of the BTC Whale Clusters 14 Hours Ago, Followed by the Full Amount. An Hour Later, The BTC Wallets Began to Move (1/3) pic.twitter.com/vzrnauyig7
– Conor (@jconorgrogan) July 4, 2025
However, Grogan later found a “test” transaction on the Bitcoin Cash, which preceded the main transfers in bitcoin. In his opinion, the owner could test private key in an invisible way, because analytical services do not track large sums in BCH.
“I do not think it is a wallet of the exchange, given the activity in the BCH and the fact that all BTC transfers were done manually,” Grogan said.
After transferring to new addresses, the coins did not move further. No signs of using mixers or attempts to hide transfers have not been detected at this time.
We will remind, volatility and onchin-activity of the bitcoin fell to the levels of October 2023. On July 5, there were only about 5,000 untreated transactions in the membrane, after 15,000.
The gun
Please wait …