Recently, two Bitcoin wallets that had been dormant for over 14 years suddenly revived and moved over 80,000 BTC.
Bitcoin Whales Wake Up
According to Lookonchain, two Bitcoin wallets dating back to 2011 sprang to life and transferred 20,000 BTC each. These assets belong to an early adopter who acquired their BTC in 2011, well before the cryptocurrency's meteoric rise. The first wallet was active in April 2011 when prices hovered around $0.78, and the second started holding from May 2011 when BTC traded at approximately $3.37.
Movement of Old Bitcoins
On July 4, 2025, the wallets that held at least 80,009 BTC began transferring coins out. Data indicated that two transactions involved 40,000 BTC worth about $4.35 billion. According to Lookonchain, all eight wallets reactivated and transferred out 80,009 BTC to unknown addresses, suggesting a potential reallocation of assets or a possible sale.
Impact on Cryptocurrency Market
The movement of these Satoshi-era Bitcoins marks the largest single-day activity for coins older than a decade. The prices of Bitcoin also experienced fluctuations, dropping from highs of $110,000 to lows of $107,600 within 24 hours. However, the activity of these ancient holders might signify readiness for market changes.
The recent reactivation of dormant wallets emphasizes the volatility of the crypto market and raises interest in how these monetary movements might impact current Bitcoin prices.
