A Bitcoin whale moved 2,931 BTC — worth approximately $188 million at current prices — to a new wallet on Sunday, ending a dormancy period of more than seven years and nine months. The transfer was flagged by Onchain Lens, citing data from Arkham Intelligence. The sending address, partially identified as "356my…BAsmK", sent the funds to an unmarked address "bc1qn…8gp25" at around 3:41 p.m. ET. The receiving address has not moved the Bitcoin since.
The original wallet had been inactive since October 23, 2018, when Bitcoin traded at roughly $6,475. That means the holder’s position has gained nearly tenfold in value. While the reason for the activation remains unclear, such large transfers from long-dormant wallets often precede token sales — a pattern observed during Bitcoin’s all-time highs in 2025, when multiple decade-old wallets came to life. Notably, one entity moved over $8.7 billion worth of Bitcoin after 14 years of inactivity in July 2025.
Bitcoin was trading around $63,376 at the time of reporting, down 1% over the prior 24 hours. The whale’s holdings had survived multiple market cycles, including the 2021 peak near $69,000 and the subsequent crash below $20,000 in 2022, without any prior movement.
