22.07.2025 00:02
A long-dormant Bitcoin wallet, legendary among cryptocurrency enthusiasts, has recently begun liquidating its substantial holdings, sparking significant market attention. This wallet, initially acquiring 5,000 BTC in 2012 for a mere $1.66 million, according to data from Lookonchain, has commenced a large-scale distribution of its Bitcoin stash.
Three hours prior to this report, a substantial transaction of 250 BTC, valued at approximately $29.68 million, was deposited into Binance, the world's leading cryptocurrency exchange. This represents a substantial portion of the whale's remaining holdings and signifies a renewed period of activity after a prolonged dormancy. The initial purchase, made twelve years ago when Bitcoin traded at just $332, now represents a staggering 34,900% return, generating an estimated profit of $578 million at current prices near $118,248 per coin. Information from Arkham Intelligence further corroborates this narrative.
The whale's selling activity began eight months ago, with a total of 1,000 BTC already sold at prices around $106,000, accumulating over $106 million in proceeds. This latest transaction, the first in two months, hints at a possible continuation of this selling strategy. Analysis of on-chain data reveals that the original 5,000 BTC were consolidated into this single address approximately four years ago, remaining inactive until these recent sales.
This significant transfer of 250 BTC occurred during a period of market consolidation, with Bitcoin trading near its all-time high. Recent price action suggests the formation of a trading range between $116,000 and $120,000, after a notable surge in mid-July. The future strategy of this long-term holder remains uncertain; whether they will continue selling gradually or opt for larger, more impactful sell-offs remains to be seen.
Regardless of their future actions, this early adopter's incredible success story stands as a testament to Bitcoin's growth and the immense potential rewards for early investors. Their recent activity underscores the continued relevance and influence of long-term Bitcoin holders on the market's dynamic landscape. Information for this report was gathered from internet sources.
