Bitcoin Whale Awakens: $188M BTC Transfer After 7 Years of Dormancy Sparks Speculation

A bitcoin whale that had been inactive for nearly eight years suddenly moved 2,931 BTC (worth approximately $188 million) to a new address on Sunday, according to onchain data from Arkham Intelligence.

The Transaction

The wallet, identified as "356my…BAsmK", transferred the funds to an unmarked address "bc1qn…8gp25" at around 3:41 p.m. ET. The recipient address has not moved the bitcoin since the transfer.

Historical Context

The whale last moved bitcoin on October 23, 2018, when BTC was trading at roughly $6,475. This means the holdings have appreciated nearly tenfold in value. While the reason for the move remains unclear, such transfers often precede token sales as holders look to cash out profits.

During bitcoin's all-time high levels last year, multiple large holders broke out of decade-long slumbers to move their holdings. Notably, one entity moved over $8.7 billion worth of bitcoin after 14 years of inactivity in July 2025.

Current Market

Bitcoin is currently trading at $63,376, down 1% in the past 24 hours as of 10:00 p.m. ET, according to The Block's bitcoin price page.

Disclaimer: The Block is an independent media outlet. Foresight Ventures is a majority investor. This article is for informational purposes only.