- Early Bitcoin whale resurfaces, moving $33 million into Binance.
- Dormant wallet awakens after thirteen years, sparking trader speculation.
- Market volatility deepens as old coins threaten selling pressure.
A long-silent Bitcoin holder has suddenly become active after thirteen years, transferring 300 BTC worth about $33.47 million to Binance. According to Lookonchain, the coins were originally pulled from Mt. Gox when Bitcoin traded around $11 each. The total value at that time was just $8,151, marking an astonishing 410,624% increase in value today.
The investor still holds 590 BTC in the same group of addresses, sparking widespread attention from the crypto community. After more than a decade of inactivity, this move signals a rare instance of dormant supply entering circulation. Market participants have taken notice, as older coins often carry significant influence when they resurface during volatile trading conditions.
Last year, the same wallet shifted 159 BTC to a new address but did not transact further. This latest movement, however, was directly into an exchange wallet, a step that often indicates a possible sale. Traders are closely watching to see if the holder decides to liquidate part or all of the assets.
Also Read: SUI Suffers Sharp Price Collapse Following Massive Token Unlock
Dormant Bitcoin Awakens During Market Volatility
Bitcoin’s market turbulence adds weight to the timing of this transfer. The cryptocurrency recently fell sharply to around $100,600 before bouncing back near $111,900. Reports indicate that liquidations have exceeded $16 billion, leaving many traders in distress as leverage across exchanges thins out.
Amid this market stress, the reactivation of early wallets introduces more uncertainty. These long-held coins, untouched for years, often create shockwaves in trading circles. Their potential movement into exchanges can trigger fear of increased selling pressure, which may further unsettle market dynamics.
Moreover, the fact that such early Bitcoin remains in circulation reminds traders that dormant supply can still influence price behavior. Each reawakening wallet serves as evidence that large amounts of Bitcoin remain in the hands of early participants who could impact market sentiment at any time.
Also Read: Pudgy Penguins Price Prediction 2025–2029: Will Pudgy Penguins Rebound Toward $0.05?
