TLDR
- A Bitcoin whale moved 2,931 BTC worth around $188 million after over seven years of inactivity
- The wallet last moved funds on Oct. 23, 2018, when Bitcoin traded at roughly $6,475
- The holdings have gained nearly tenfold in value since then
- The receiving address has not moved the Bitcoin since the transfer
- Large dormant wallet moves often happen before holders sell their holdings
A Bitcoin whale moved 2,931 BTC to a new wallet on Sunday, ending a dormancy period of more than seven years and nine months.
The transfer, worth roughly $188 million at current prices, was flagged by Onchain Lens using data from Arkham Intelligence.
A Bitcoin whale just woke up after 7 years.
2,931 $BTC (~$188M) was moved after sitting untouched since BTC traded at ~$6.5K.
Today, with BTC above ~$64K, the same stack is worth nearly 10x more.
Data credit: @arkham pic.twitter.com/y0JXIM91yK
— Onchain Lens (@OnchainLens) July 12, 2026
The sending wallet, identified as “356my…BAsmK,” moved the funds to an unmarked address, “bc1qn…8gp25,” at around 3:41 p.m. ET on Sunday.
The receiving address has not moved the Bitcoin since then.
The last time the original wallet was active was October 23, 2018. At that point, Bitcoin was trading at around $6,475.
That means the holder’s position has grown nearly ten times in value since the coins were last touched.
The reason for the move is not known. However, transfers from long-dormant wallets often come before a holder decides to sell.
What This Type of Move Can Signal
When large, old wallets move funds, it draws attention from analysts and traders.
A transfer to an unmarked address does not confirm a sale, but it is often a step in that direction.
During Bitcoin’s all-time highs in 2025, several large holders moved coins after years or even decades of sitting still.
One of the largest examples came in July 2025, when over $8.7 billion in Bitcoin moved after 14 years of inactivity.
That move was one of the biggest dormant wallet transfers ever recorded.
The current case, while smaller, follows the same general pattern of whales becoming active during or after periods of high prices.
Bitcoin was trading at around $63,376 at the time of reporting, down roughly 1% over the past 24 hours.
Some reports placed the price slightly above $64,000 at different points on Sunday, reflecting intraday movement.
The 2,931 BTC moved on Sunday had been held through multiple Bitcoin market cycles, including the 2020 and 2021 bull runs, without any activity.
The holder sat through Bitcoin hitting $69,000 in late 2021, crashing below $20,000 in 2022, and recovering to new highs in 2024 and 2025.
It is not clear whether the wallet belongs to an individual, a company, or another type of entity.
Onchain data does not reveal the identity of wallet owners unless they have been publicly linked to a known address.
No further transactions have been recorded from the receiving wallet as of the time of publication.
