A dormant cryptocurrency whale account that has been inactive for many years has recently shown signs of movement, attracting market attention. This wallet, which holds 3,963 BTC and has been sleeping for 14.5 years, recently transferred 108 BTC to an address related to Wintermute, worth approximately 12.42 million dollars.



The observed transaction records show that 10 hours before the main transfer, the wallet made a small transfer of 0.001 BTC, which is suspected to be a test transaction. This series of actions suggests that this 'ancient whale' may be preparing for a recent sell-off.

It is worth noting that even after this transfer, the mysterious wallet still holds a considerable amount of Bitcoin. Currently, there are approximately 3360 BTC remaining in the wallet, worth up to 385 million USD at current market prices.

This event once again highlights the unpredictability of the cryptocurrency market, while also raising concerns about the movements of early Bitcoin holders. Market participants are closely watching the subsequent movements of these funds, as such a large amount of Bitcoin entering exchanges could have a significant impact on the market.

With the awakening of this giant whale, the cryptocurrency community is discussing the potential market fluctuations that may arise. Some analysts believe that the movements of long-term holders may reflect their views on the current market conditions or their judgments about future price trends.

Regardless, this event once again proves that in the decentralized encryption cryptocurrency world, the actions of individual large holders can still have a significant impact on the entire market. Investors and traders need to remain vigilant and closely monitor the potential market changes brought about by such large-scale capital flows.
BTC-2.2%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
CryptoCross-TalkClubvip
· 08-07 22:32
Bro, I'll transfer 0.001 for testing first, afraid that after not operating for 14 years I might forget how to spend coins.
View OriginalReply0
Deconstructionistvip
· 08-07 16:18
It's going to crash again, right?
View OriginalReply0
PumpDoctrinevip
· 08-05 03:39
It's time to start dumping again, right?
View OriginalReply0
PumpingCroissantvip
· 08-05 03:34
Let's wait and see for now.
View OriginalReply0
PanicSeller69vip
· 08-05 03:24
Running this little bit is not at all panic.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)