Bitcoin OG Stuns Market: $8.69B in BTC Moved After 14-Year Slumber

TLDR:

  • Milestone: Eight Bitcoin wallets, dormant for over 14 years, transferred 80,009 BTC (worth approximately $8.69 billion) on July 4, 2025, with a 24-hour trading volume impact of $4.35 billion, achieving a 10 million percent return from a $217,600 initial investment in 2011.
  • Narrative: The massive 80,009 BTC transaction by a Bitcoin OG after 14 years of inactivity has set the market abuzz with speculation, mixing profit-taking fear with FOMO-fueled optimism for new Bitcoin price highs.
$8.69B in BTC Moved After 14-Year Slumber
$8.69B in BTC has been moved after 14 years

On July 4, 2025, eight Bitcoin wallets, silent since 2011, roared back to life, transferring 80,009 BTC valued at roughly $8.69 billion, marking a seismic event in the crypto world. According to Lookonchain, a “Bitcoin OG” controlling these wallets moved 40,000 BTC (worth $4.35 billion) within 24 hours, with a trading volume impact of $4.35 billion. The wallets, holding coins acquired at $0.78 to $3.37 in April and May 2011 (totaling roughly $217,600), now boast a staggering 10 million percent return at Bitcoin’s current price of about $107,800.

It began with two wallets, which transferred 10,000 BTC from April 2, 2011 (worth $15,600 then and $2.18 billion now) within 30 minutes of each other. Six additional wallets, which held 60,009 BTC from May 4, 2011 (worth $202,000 then, $6.52 billion now), followed, with four wallets transferring their contents and four being inactive. Blockchain.com reports that the transfers moved the funds to newer, lower-fee address formats, but the receiving addresses have seen no further activity as of July 5, 2025.

$8.69B in BTC Moved After 14-Year Slumber
The current market performance of $BTC

Theories from the crypto community as to what the OG’s motives are range from profit-taking to an attempt to move prices, with X posts both fearing and hoping. The price of Bitcoin dropped 1.5 percent from $108,760 to $107,700 following the news. The action is one of a trend of inactivity wallet activations with 62,800 BTC moved during Q1 2025, 121 percent more compared to Q1 2024, as per Onchain School. The same September-October 2024 whale move preceded Bitcoin’s all-time high breach above $100,000 in December 2024, restoring new all-time high hopes amidst short-term market jitters.

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source https://blog.mevx.io/news/bitcoin-og-stuns-market-8-69b-in-btc-moved

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