Another Bitcoin Whale Awakens After Nearly 10 Years
On-chain data shows that another sleeping Bitcoin whale has awakened after nearly a decade! The whale transferred 3,000 bitcoins at once, valued at up to $348 million.
(Background recap: “80,000 Bitcoin whales” nearing liquidation? 68,000 BTC have been cleared; Galaxy Digital transferred another 3,715.)
(Background information: Bitcoin whale awakens after 14.5 years: holding 3,962 BTC with a return rate of 370,000 times)
Bitcoin.com News reported yesterday (August 7) on social media platform X that the Bitcoin blockchain welcomed the awakening of a sleeping whale at block height 908992. On-chain data indicates that the whale transferred 3,000 bitcoins at once, valued at up to $348 million.
️♂️ A sleeping bitcoin whale just moved $348M worth of BTC after nearly a decade.
• 3,000 BTC moved from 2015 wallets.
• Split across 30 new addresses.
• Gained 34,548% since Nov. 2015.
— Bitcoin.com News (@BTCTN) August 7, 2025
10-Year Return of 340 Times
Bitcoin.com News further pointed out that the 3,000 bitcoins were dispersed across 30 cryptocurrency wallets, each holding exactly 100 bitcoins. These wallets were initially funded on November 10, 2015, when the closing price of Bitcoin was only $336 per coin, totaling approximately $1.008 million. Now, as Bitcoin has surged to nearly $120,000, the market value of this batch of bitcoins has skyrocketed to $348.72 million, with a 10-year return rate of 34,548%.
Market Faces Selling Pressure Again?
It is worth mentioning that recently multiple ancient whales have awakened and liquidated their holdings of Bitcoin. For example, a Bitcoin ancient whale holding 80,000 coins (valued at $9 billion) has completed its liquidation through Galaxy Digital. However, Bitcoin.com News noted that unlike the transfer patterns of other awakened Bitcoin whales in the past two months, this whale did not consolidate funds into a single account but instead dispersed the bitcoins into multiple P2WPKH (Pay-to-Witness-Public-Key-Hash, a format for Bitcoin wallet addresses designed for SegWit) wallets. This method of decentralized transfer leads observers to speculate that this whale may continue to hold Bitcoin, with the transfer of funds being a quest for greater security.
However, some point out that the whale may also intend to use the decentralized funds to reduce tracking difficulty or prepare for subsequent liquidation, which may pose a risk of short-term selling pressure in the market.
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