According to on-chain data, the wallet, which had been dormant for six years and held 6,000 BTC, suddenly comes to life, attracting interest in the crypto community.
According to LookonChain, the whale wallet has recently transferred all 6,000 BTC worth $649 million.
The wallet, which had been suspended for six years, moved all $6,000 ($649 million) four hours ago.
Wallet received $6,000 in BTC (at the time $58.77 million) on July 25, 2019 for $9,796.
– lookonchain (@lookonchain) July 8, 2025
The aforementioned wallet received 6,000 BTC on July 25, 2019. Bitcoin was $9,796, totaling about $58.77 million. Fast forward to today, the value of the same stockpile has increased by nearly 1,004%, reflecting the price of Bitcoin's grandest price above $108,000 on its current price.
The move has attracted attention given the volume of transactions and the dormant of the wallet. Such awakening often occurs in early adopters, institutional players, or long-term Hodlers.
Whale Awakens Surprise the Crypto Market
Recently, long-dormant whales have been awakening. According to LookonChain, in the most recent case, Ethereum ICO participants woke up after a decade of dormancy and moved all 1,140 ETH, worth $2.88 million. The Whale won 1,140 ETH for $353 with an ICO price of $0.31. This is currently worth $2.88 million via two Genesis wallets.
In the past week, eight hibernation Bitcoin wallets have moved 80,000 btc (approximately $8 billion) in the largest “Satosiera” transfer in history. This is an awakening that surprised the crypto market.
Last Friday, the wallet, which had been dormant for over 14 years, moved 10,000 BTC to a new address. 10,000 BTC is worth more than $1 billion per wallet at current prices, showing an increase of nearly 13.9 million%.
At the time of pressing, BTC was trading at $108,923.
