Two Bitcoin whales, dormant for a decade, transferred 3,422 BTC ($324.2 million) to new wallets.
Bitcoin Whale Active
On May 6, 2025, two wallets from the Satoshi era made a market-shaking move. The first whale, “1NWPS,” transferred 2,343 BTC ($221.7 million) after 10.5 years. The second whale, “1PiEKB,” moved 1,079 BTC ($102.5 million) after 12 years. These coins, worth just $46,000 a decade ago, have now turned into a massive fortune. Blockchain trackers like Lookonchain and OnchainLens emphasized that these transfers drew attention due to their long-term inactivity.
Market Implications
Such large transfers typically indicate a strategic purpose. Analysts believe these moves could be preparation for a sale, cold wallet storage, or portfolio restructuring. However, the whales have not yet sold, reducing concerns about a price drop.
Why Bitcoin Whales Matter
Large Bitcoin transfers attract attention due to whales’ market-influencing power. Moreover, post-2025 Bitcoin Halving, these moves strengthen the accumulation theory before price surges. Investors are closely watching the whales’ next steps, as these actions could either stabilize or shake the market.
This development highlights Bitcoin’s dynamic nature. As institutional interest grows and ETF investments rise, whale movements remain a key market factor.
Bitcoin Whale Recent Major Buying Activity
In April 2025, data shared on the X platform showed that Bitcoin whales purchased over 43,100 BTC (approximately $4 billion) in the past two weeks, indicating an aggressive accumulation phase. Another significant whale move in April 2025 involved Wintermute’s wallet acquiring 600 BTC ($56.7 million).
In July 2024, whale accumulation hit a 10-year high. CryptoQuant CEO Ki Young Ju noted that wallets holding 1,000 BTC or more added an average of 100,000 BTC weekly. In April 2025, one whale bought $198 million worth of BTC at $98,890 between April 10-12 but sold these BTC at a $25 million loss.
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