Dormant Bitcoin Whale Awakens: 80,009 BTC Worth $8.69 Billion Moves After 14 Years

On July 4th, blockchain analytics firm Lookonchain identified a long-dormant whale controlling a substantial cryptocurrency portfolio totaling 80,009 BTC, currently valued at approximately $8.69 billion. This entity manages eight distinct wallets, with two wallets having received 20,000 BTC on April 2, 2011, when Bitcoin was priced at $0.78, equating to a then-value of $15,600 and now worth over $2.18 billion. The remaining six wallets acquired 60,009 BTC on May 4, 2011, initially valued at $202,000 and presently valued at roughly $6.52 billion, based on a BTC price of $3.37 at the time of acquisition. Notably, four of these addresses executed transfers totaling 40,000 BTC recently, while the other four wallets have remained inactive, highlighting significant movement from a historically dormant investor in the crypto market.