Bitcoin Whale Moves $188M in BTC After Seven-Year Dormancy

A bitcoin whale moved 2,931 BTC worth approximately $188 million to a new address on Sunday around 3:41 p.m. ET, ending about seven years and nine months of inactivity. According to Onchain Lens citing Arkham data, the wallet '356my...BAsmK' transferred the bitcoin to an unmarked address 'bc1qn...8gp25,' which has not moved the funds since. While the reason behind the transfer is unclear, such large movements often precede token sales as holders cash out profits. The wallet last moved bitcoin on Oct. 23, 2018, when the cryptocurrency traded at roughly $6,475, meaning its holdings have gained nearly tenfold in value over the dormant period.

Whale Wallet Transfers 2,931 BTC to Unmarked Address

Onchain Lens reported the transaction citing Arkham data. The wallet '356my...BAsmK' moved 2,931 BTC to the recipient address 'bc1qn...8gp25' on Sunday at around 3:41 p.m. ET. The recipient address has not moved the bitcoin since the transfer.

Holdings Gained Tenfold Since Oct. 23, 2018 Movement

The whale address last moved bitcoin on Oct. 23, 2018, when the cryptocurrency traded at roughly $6,475. Since then, the holdings have gained nearly tenfold in value. During bitcoin's all-time high levels last year, multiple large holders broke out of decade-long slumbers to move their holdings. Notably, one individual or entity moved over $8.7 billion worth of bitcoin after 14 years of inactivity in July 2025.

Bitcoin Trades at $63,376 as of 10:00 p.m. ET

Bitcoin is currently trading at $63,376, down 1% in the past 24 hours as of 10:00 p.m. ET, according to The Block's bitcoin price page.

FAQ

What did the bitcoin whale do on Sunday?

A bitcoin whale moved 2,931 BTC worth approximately $188 million from wallet '356my...BAsmK' to unmarked address 'bc1qn...8gp25' on Sunday around 3:41 p.m. ET, ending about seven years and nine months of inactivity.

When did the whale wallet last move bitcoin before Sunday?

The whale wallet last moved bitcoin on Oct. 23, 2018, when the cryptocurrency traded at roughly $6,475. The holdings have gained nearly tenfold in value since then.

What is the current bitcoin price as of 10:00 p.m. ET?

Bitcoin is trading at $63,376 as of 10:00 p.m. ET, down 1% in the past 24 hours according to The Block's bitcoin price page.