300 BTC Moved from Long-Dormant Wallet
Posted: Wed May 14, 2025 6:57 pm
On 13 May 2025, a Bitcoin wallet silent since April 2014 transferred 300 BTC—about $31.1 million—to new addresses, jolting on-chain analysts and traders alike. Those coins were first received when BTC traded near $447, giving the holder a cost basis of roughly $134 k and an unrealized gain exceeding 23,000 %.
The whale split the haul across two freshly generated wallets, a pattern forensic firms say often precedes deposits to exchanges or OTC desks. On-chain monitor Lookonchain also flagged a 7 % jump in BTC inflows to major exchanges within twelve hours, hinting at short-term sell-side pressure. Previous decade-old awakenings have been followed by brief pullbacks averaging 2-3 % over the next two sessions, yet bitcoin remained firm above the $100k mark at press time.
Market researchers stress that wallets inactive ≥ 10 years account for under 1 % of daily network volume, making every resurrection more of a sentiment gauge than a structural supply shock. Still, the move rekindles curiosity about early miners and lost keys, underscoring Bitcoin’s transparent yet enduring ledger—where a decade-old transaction can suddenly rewrite the day’s market narrative.
The whale split the haul across two freshly generated wallets, a pattern forensic firms say often precedes deposits to exchanges or OTC desks. On-chain monitor Lookonchain also flagged a 7 % jump in BTC inflows to major exchanges within twelve hours, hinting at short-term sell-side pressure. Previous decade-old awakenings have been followed by brief pullbacks averaging 2-3 % over the next two sessions, yet bitcoin remained firm above the $100k mark at press time.
Market researchers stress that wallets inactive ≥ 10 years account for under 1 % of daily network volume, making every resurrection more of a sentiment gauge than a structural supply shock. Still, the move rekindles curiosity about early miners and lost keys, underscoring Bitcoin’s transparent yet enduring ledger—where a decade-old transaction can suddenly rewrite the day’s market narrative.