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4w ago

Dormant Bitcoin Wallet Moves 2,931 BTC to New Unmarked Address

On‑chain trackers say the transfer could be a security consolidation or a step toward selling if the coins later flow to tagged exchange or OTC addresses.

Crypto market tracker on May 25 showing HYPE, TIA and XMR outperforming while SUI and ATH rank among the weakest altcoins by daily performance.
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A bitcoin whale just woke up with $188m after 7 years — here’s what else moved

Overview

  • A wallet that had been inactive since October 23, 2018 moved 2,931 BTC, worth about $188 million, into a newly created address, according to multiple on‑chain trackers.
  • The transfer occurred on July 12 and was timestamped at roughly 3:41 p.m. Eastern Time, with the receiving address showing no outbound activity as of reporting.
  • The coins were not sent to a known exchange or prime broker, so analysts treat the move as a wallet-to-wallet relocation that does not confirm an imminent sale.
  • On‑chain firms flagged the swap quickly, reflecting how public blockchain data lets researchers spot long-dormant holdings reactivating in real time.
  • This move fits a broader 2025–2026 pattern of old wallets resurfacing and will be watched for any follow-up flows to Coinbase, Kraken, Binance, or tagged OTC addresses that would signal distribution and raise near-term supply concerns.