By Isaac • July 12, 2026 7:50 pm •
A Bitcoin address that had been quiet for years suddenly moved 2,931 BTC on Sunday.
At Bitcoin’s current price, the transfer was worth roughly $188 million.
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The easy conclusion is that an old whale woke up to sell.
The blockchain shows something more restrained.
All 2,931 BTC moved from one address into one new address. The coins were still sitting there after the transfer, with no onward spend and no visible exchange destination.
The wallet woke up. The selling has not started.
Lookonchain’s alert put the dormant balance back on the market’s radar:
A Bitcoin OG who had been dormant for 7 years transferred all 2,931 $BTC($188.03M) to a new wallet 3 hours ago.
The
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