A Bitcoin wallet, dormant since 2011, recently transferred 3.962 BTC, valued at approximately $469 million. This event has reignited the debate about Bitcoin's epic revaluation over time.
A Bitcoin address that had been dormant since January 2011 transferred 3.962 BTC, equivalent to approximately $469 million at the current price. The transaction was preceded by a test transaction of 0,0018 BTC, suggesting a pre-verification before mobilizing the total accumulated value.
This wallet had acquired its funds when Bitcoin was trading at around $0,37 per unit, which implies a return of more than 322.000 times on the original investment of $1.453 in 2011.
BUY BITCOIN ON BIT2METhe awakening of a whale from the Satoshi era
The address, identified as “15MZv…HjFUz”, accumulated his BTC in January 2011, during the period of individual mining and low competition. Since then, he had not registered any activity until Thursday, July 24, when transferred the funds to a new address “bc1qc…udryz”These types of wallets, known as “OG wallets,” are typically associated with early miners or participants in the Bitcoin ecosystem.
In the crypto community, events like this are known as "sleeping whale awakenings." The term refers to large Bitcoin holders who have kept their holdings intact since the dawn of the protocol and blockchain network.
The recent awakening of this Bitcoin whale adds to a series of movements recent transfers from old Satoshi-era wallets. In July alone, over 90.000 BTC were moved from dormant addresses, including a transfer of 80.000 BTC that had been dormant for 14 years and another transfer of 10.603 BTC valued at $1.2600 billion.
Massive sale or fund restructuring?
The crypto community is divided between those who interpret these movements as sell signals and those who see them as simple strategic relocations. In this case, the BTC were not sent to exchanges, which reduces the likelihood of an immediate liquidation. Some analysts suggest it could be a security update, portfolio consolidation, or even a nostalgic action by former holders.
Historically, dormant wallet activations have generated volatility, but they have also coincided with phases of market consolidation. In this cycle, the selling pressure from old whales appears to be being absorbed by robust institutional demand for Bitcoin.
Thus, while some whales are waking up, other entities are accumulating. For example, BlackRock, through its IBIT ETF, already owns more than 662.500 BTC, representing more than 3% of the cryptocurrency's total supply. Michael Saylor, meanwhile, has led Strategy to become the largest corporate holder, with 607.770 BTC acquired at an average of $71.756 per BTC.
This massive institutional demand has generated a countervailing dynamic: BTC moving out of old wallets doesn't necessarily push the price down, as these movements are absorbed by institutional buyers who view Bitcoin as a store of value and strategic asset.
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Bitcoin consolidates its position as its legend grows stronger
Bitcoin maintains a market structure that, despite the intrinsic volatility of the crypto space, continues to reflect technical strength. With the price stabilizing around $118.000, after having reached $123.091 in July, the charts show signs of bullish consolidation, while technical analysts agree that a sustained close above $120.000 could pave the way for new highs near $130.000.
But beyond the charts, it's the community narrative that makes this cycle a historic milestone. The recent move from the wallet, which has been inactive since 2011, has sparked a torrent of commentary. “Generational wealth transfer” o “epic HODL flex” are some of the phrases that dominate the forums after this operation.
The awakening of this Bitcoin whale, with an initial investment of $1.453 that multiplies by more than 322.000 times in 14 years, not only redefines the standards of return, but consolidates the conviction that many have in Bitcoin as a store of value.
In the words of the community, no traditional asset has generated such an epic revaluation in such a short period of time. This narrative, amplified by institutional accumulation and the activation of legendary wallets, keeps alive the argument that Bitcoin is not just a financial instrument, but is an ongoing revolution that continues to write its own history.
In short, the activation of this wallet not only represents a technical event, but also a reminder of Bitcoin's appreciation potential. Turning $1.453 into $469 million in 14 years is a testament to how the market-leading cryptocurrency has evolved from its fringe origins to a global asset of interest.
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