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4d ago

Dormant 2013 Bitcoin Wallet Moves 500 BTC to New Address

Analysts say the non-exchange destination points to over-the-counter preparation rather than an imminent dump.

Cryptoquant rejects dump fears on bitcoin whale
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2013 bitcoin whale wallet transfers 500 btc after 12 years of dormancy

Overview

  • The wallet, which moved coins Sunday at 19:16 UTC, sent 500 BTC worth about $40.6 million to a new bc1 address.
  • Whale Alert and Arkham flagged the transfer and found no link between the receiving address and a known crypto exchange.
  • CryptoQuant’s Ki Young Ju said the move fits classic OTC prep, citing a tiny 0.0001 BTC fee and the lack of an exchange deposit.
  • No surge in large sell orders showed up after the move, and blockchain data has not tracked the 500 BTC into an exchange wallet.
  • The coins were first received on November 27, 2013 for roughly $457,000, and the shift follows a broader rise in long-dormant wallets reactivating since late 2024.