Dormant Bitcoin whale activates after 10 years with $100 million

user avatar

by Giorgi Kostiuk

3 years ago

Made with AI

A Bitcoin address containing 1,701 BTC, valued at $115.41 million, has not been used since 2014. Recently, the dormant Bitcoin whale accessed this old address to perform a 50 BTC transaction on April 6, Saturday.

This wallet is a legacy Bitcoin wallet starting with '1,' like '1CLxm...1oeUZ'. In 2014, the whale spent 2,570 BTC, equivalent to $1.60 million at the time when Bitcoin was $625. After that, it remained inactive for a decade, accumulating a total of 4,272.29 BTC over time, now worth almost $300 million in total.

The dormant Bitcoin whale's recent activity initiated Foundry USA's participation at block height 837,959, visible through only three confirmations currently. The whale paid a whopping $0.93 in fees to complete the 50 BTC transaction it made.

This legacy address utilized 245.99 BTC for the recent transaction, where 50 BTC were sent to another legacy address '1PRRE...sGjRo' which had just been activated. Following the transaction, the whale received 195.98 BTC change in a modern SegWit address 'bc1qg...fxrk7,' suggesting a wallet update.

For Bitcoin investors, it is crucial to keep an eye on this dormant Bitcoin whale, as their decision to sell coins can significantly impact the market. However, it remains uncertain whether this activity is merely managing balances or signifies something else. Monitoring dormant whale activity can serve as an essential market indicator when making investment choices, possibly hinting at a bearish sentiment emerging.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Binance Expands into Traditional Finance as Mining Pool Closes

As Binance prepares to shut down its mining pool, the exchange is expanding into traditional finance by providing access to over 7,000 US stocks and ETFs for customers outside the United States.

user avatarMiguel Rodriguez

Binance Announces Closure of Mining Pool Services

Binance has announced the closure of its mining pool and related services effective November 10, 2026.

user avatarLuis Flores

AI Researchers Light Up Cigarettes to Signal Confidence in AI's Cancer Cure Potential

AI researchers are smoking cigarettes to signal their confidence in AI's potential to cure cancer.

user avatarArif Mukhtar

Sony's Plan to Discontinue Physical Game Discs Faces Major Backlash

Sony's announcement to stop producing physical game discs by 2028 has led to significant backlash from the gaming community.

user avatarMaria Gutierrez

Vibe Coders Successfully Port PS5 Games to PC with AnyPS5 Project

Vibe coders are making significant strides in porting PlayStation 5 applications to Windows and Linux through their open-source project, AnyPS5, which aims to convert PS5 game executables into programs that can run natively on PCs.

user avatarDavid Robinson

TRON DAO Reports Significant Growth in Q3 2026

TRON DAO highlights significant growth in transaction volume and network activity in its Q3 2026 ecosystem report.

user avatarAndrew Smith

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.