Someone just woke up from a four-year Bitcoin nap and decided to rearrange the furniture. A whale holding 730 BTC, worth approximately $46.12 million at current prices, transferred their entire stash to a brand-new wallet after years of complete radio silence on-chain. The transaction was flagged by analytics platform Onchain Lens and subsequently amplified by The Block. The funds landed in a freshly generated wallet address (1KHXBixwJPErPcnuRpwN3J5wkTwUm6eJW9), and crucially, no exchange deposit has been confirmed. In English: this whale isn’t selling. At least not yet. What we know about the wallet The original wallet had been accumulating Bitcoin over a span of roughly seven years before going quiet four years ago. That puts the earliest accumulation activity around 2019, meaning this holder was stacking sats through multiple market cycles, including the 2020 COVID crash and the 2021 bull run. The timing of this move is what makes it especially interesting. Recent reports have surfaced regarding a potential exploit affecting Coldcard hardware wallets, one of the more popular cold storage devices among Bitcoin maximalists and serious long-term holders. While no direct link has be...
Bitcoin whale transfers 730 BTC worth $46M after 4 years dormant
1 month ago
25
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