Long-Dormant Whale Wallet Resurfaces
A whale Bitcoin wallet that had been lying dormant for more than eight years has stirred up activity, making over $250 million in BTC movements. It was first highlighted by blockchain data firm Arkham Intelligence, where it has cited the source wallet and destination as belonging to “250M BTC Whale.”
The wallet first bought its reserves of Bitcoin back in 2016 when the price of BTC was around $1,000. The approximate value at the time was around $3 million. Today with Bitcoin over $60,000, the same position has grown to over $250 million.
$3M Investment Swells to $250M
The whale executed two big transactions approximately 14–16 hours ago, both sending approximately 3,000 BTC. Blockchain describes the transferred funds being deposited to several new addresses, suggesting internal restructuring or setting for custodial change or liquidation.
Such transactions from years of inactivity at addresses are rare and will likely be observed, especially when significant amounts are transferred. These occurrences emphasize the jaw-dropping returns built up by early Bitcoin investors who chose to hold on to their investments through multiple market cycles.
Rare Encounters with Early Fortunes
Early Bitcoin wallets are generally assumed to be lost, forgotten, or held by die-hard long-term holders. When one of them comes back to life, it is wondered—about the owner’s intent, market timing, or even security-related motivations.
Most believe these events are likely to be a precursor to market action or mere individual liquidity events. But the size and timing always create market intrigue.
Halving Cycles Losing Impact?
Tomas Greif, Braiins’ Head of Product & Strategy, shared insights into how the character of Bitcoin halving cycles is changing. He suggests their historical influence on supply and price is fading.
“They will have a negligible effect on supply in a few halvings,” Greif explained.
Although halvings will continue to impact mining rewards, their effect on the macro supply trend of Bitcoin can possibly diminish, perhaps reshaping investor expectations going forward.
