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.*

The whale last moved bitcoin in 2018, when the cryptocurrency traded at roughly $6,475, reflecting nearly a tenfold gain since then.

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