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Long-Awaited Bitcoin Transfer Worth $4.77 Billion: Activity of Historic Holder

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by Giorgi Kostiuk

12 hours ago


Lookonchain reported that a long-dormant bitcoin holder, inactive for over 14 years, has made a significant bitcoin transfer to a new wallet.

Transfer of Assets by Historic Holder

An anonymous holder, who first caught Lookonchain's attention on July 4, transferred **40,192 BTC**, worth approximately **$4.77 billion**, to a new wallet. This movement followed an earlier transfer of **40,009 BTC** just days prior, bringing the whale's total activity this month to over **$9.5 billion**. The bitcoins were mined or acquired in **April and May 2011**.

Market Impact

According to Nansen data, **Galaxy Digital**, an institutional crypto asset manager, received the first **40,009 BTC**. Galaxy subsequently transferred **6,000 BTC** to exchanges **Binance** and **Bybit**, fueling speculation about a potential sell-off. Despite this, markets have responded steadily, although such significant movements can influence liquidity and price volatility.

Who Else Holds Bitcoin?

The awakening of this wallet highlights the rarity of such events. While this whale chose to move their assets, others, like **Satoshi Nakamoto**, who reportedly holds **1.096 million BTC**, remain untouched. Additionally, public figures like the **Winklevoss twins** (estimated **70,000 BTC**), **Tim Draper** (**30,000 BTC**), and **Michael Saylor** (**17,732 BTC**) continue to hold firm.

The movement of bitcoins from this historic holder has once again attracted the attention of both traders and analysts. Such events underline the importance of studying legacy wallets and their impact on current market conditions.

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