A Bitcoin address that has remained untouched since 2016 just roared back to life—transferring over $250 million worth of BTC. According to on-chain analytics platform Arkham, the whale originally bought around $3 million worth of BTC through Coinbase back in late 2016. Now? That stash has exploded to a staggering $250 million, reflecting a return of over 8,200%.
🕵️♂️ What Just Happened?
- The long-dormant whale moved the funds for the first time in 8+ years.
- The BTC was transferred to Coinbase—a sign that a potential sell-off may be on the table.
- This address held all the Bitcoin in a single wallet throughout the entire period.
🧠 Context Matters:
This isn’t the first time we’ve seen ancient wallets spring to life. In December 2024, a 2013-era wallet moved $257 million, reflecting 15,000%+ gains. These events highlight both the power of long-term conviction in Bitcoin and the unpredictability of when profits are finally taken.
📈 Current BTC Price
At the time of writing, Bitcoin is trading above $87,000, posting a 3% gain in the last 24 hours.
🤔 Should You Buy or Sell?
Movements like these spark speculation. Will the whale dump the coins and trigger a correction? Or is this just internal restructuring?
One takeaway: Whales holding for nearly a decade still see value in Bitcoin. Whether they’re moving for liquidity, custody changes, or exit—this kind of patience tells a powerful story.
Not financial advice. Always do your own research before making investment decisions.
