Seven huge Bitcoin wallets that had been silent for 14 years suddenly became active again today. As of now, they have moved a total of $7.6 billion worth of Bitcoin. Each wallet sent out 10,000 BTC, and at today’s price, each transfer is worth more than $1 billion.
According to blockchain tracker Lookonchain, these wallets were last active in 2011, when Bitcoin was trading at less than $0.78. The owners have held onto their BTC for over a decade without moving it, until now.
On Thursday, the wallets, including “12tLs…,” “1KbrS…,” “1Pi1Th…,” and four others, sent their coins to new wallet addresses labeled, “BTC Whale 4th July.” These transfers mark a massive increase in value. The Bitcoin held since 2011 has grown by more than 13 million percent.
Wallet “12tLs” originally received its 10,000 BTC on April 3, 2011, and did not move any of it until this recent transaction. A few hours later, other wallets like “bc1qm” and “1GcCK” also moved the same amount of 10,000 BTC each. This raised speculation of whether the wallets are owned by the same person.
However, the coins were not sent to any known crypto exchanges. Instead, they were moved to new, unused addresses. This could mean the whales aren’t planning to sell the Bitcoin yet, but that’s still unclear.
In total, 70,000 BTC were moved across seven wallets. That makes this one of the biggest old wallet movements in Bitcoin history. Whale activity like this often draws attention because large Bitcoin transfers can affect prices and market sentiment.
While many investors have sold off during the recent price rise, these whales haven’t revealed their next steps. Their silence is adding to the mystery. Earlier this year, Onchain School reported that more old wallets have been moving coins.
In the first quarter of 2025, over 62,800 BTC that were untouched for more than seven years were transferred. That’s more than double the amount moved during the same time last year.
With Bitcoin reaching new highs above $110,000 in May and rising 16% this year, these sudden whale movements are causing a stir. At the time of writing, BTC price is trading for $107,904, according to CoinMarketCap.
Also Read: Economist Reveals Three Key Bullish Triggers for Bitcoin Price Rally
