Huo Xing Finance reports that on July 13, according to OnchainLens monitoring, a Bitcoin whale that had been dormant for seven years has awakened today. The address has held 2,931 BTC since the price of BTC was around $6,500 (valued at approximately $188 million at the time), remaining inactive since then. The holdings have now increased tenfold in value.
Bitcoin whale awakens after 7 years; 2,931 BTC holdings achieve more than a tenfold gain
MarsBitShare
Summary
Whale activity has intensified as a long-dormant Bitcoin whale made its first move in seven years. The address, holding 2,931 BTC, was last active when Bitcoin traded near $6,500. This whale movement signals a potential strategic shift, with the holdings now valued at over $1.8 billion. The address’s return to activity has attracted attention from traders and analysts monitoring major on-chain movements.
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