A long-dormant Bitcoin whale, originating from Bitcoin's early mining periods, has resurfaced by transferring 2,000 BTC, valued at approximately $222 million, to 51 new wallet addresses. According to blockchain data from Arkham Intelligence and Onchain Lens, the funds were evenly split, with 50 wallets each receiving 37.576 BTC (worth about $4.2 million per wallet) and one wallet receiving 121.18 BTC (around $13.4 million).
The address, identified as 3Cv6…Wmn4, had been inactive for years, marking its first significant movement since Bitcoin's early days. The structured and deliberate nature of the transfer suggests it may be for portfolio reorganization or security upgrades, such as splitting holdings to enhance protection, rather than random activity. This transaction is noted as one of the highest-value transfers from early wallets in 2025.
Timing coincides with Bitcoin's price hovering near $110,000, following a retreat from recent highs above $126,000, and a daily decline of roughly 2.4%. While such movements often fuel speculation of profit-taking or potential selling pressure, analysts indicate no immediate market reaction, and there is no evidence the coins have reached exchange addresses. If the funds remain dormant, it could reflect routine management; if moved to exchanges, it might exert downward pressure on Bitcoin's price.
