$649M Whale Awakens After 6 Years, Another $1B BTC Shift Adds Fuel to Speculation

Two dormant Bitcoin wallets have moved a total of $1.7 billion worth of BTC in July. The crypto community is now buzzing with speculation around early adopters—and perhaps even Satoshi himself.

A long-dormant Bitcoin whale has resurfaced after six years, transferring approximately 6,000 BTC valued at around $649 million. On-chain data reveals that the wallet address 1J3B2ucUpWjWPPpejUCoLN93Gwz3q65CTd initially acquired these coins on July 25, 2019, when Bitcoin was trading at just $9,796. That investment, originally worth $58.77 million, has now ballooned by over 1,000% in value.

The entire balance was moved in a single transaction on July 8, sparking intrigue across the crypto sphere. Notably, Bitcoin’s price remained stable after the transfer, suggesting the movement may have occurred via OTC (over-the-counter) channels or internal wallet transfers, rather than a direct exchange sell-off.

Just days earlier, on July 4, an even more extraordinary transfer occurred when a wallet dating back to 2011 moved 50,000 BTC—worth approximately $1.09 billion. That wallet originally received its funds on April 3, 2011, when Bitcoin traded at only $0.78 per coin. The $7,805 investment from over a decade ago had multiplied by a factor of over 140,000.

Though some speculated a potential link to Satoshi Nakamoto, blockchain analysts have confirmed that neither of these addresses are associated with the mysterious Bitcoin founder. Nonetheless, these rare legacy movements continue to fuel curiosity and excitement in the crypto space.

Together, these transfers highlight the enduring power of long-term holding in the Bitcoin ecosystem. As of the first half of 2025, over 26,000 new addresses have joined the millionaire club—each holding $1 million or more in BTC—underscoring the wealth-generating potential of early and strategic adoption.

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