4-7-2025 – Two Bitcoin wallets, dormant since 2011, transferred 20,000 BTC—valued at over $2 billion—to new addresses early Friday, igniting speculation about potential market moves, first reported by blockchain tracker Lookonchain.
The wallets, identified as “12tLs…xj2me” and “1KbrS…AWJYm,” acquired the coins on April 3, 2011, when Bitcoin traded at just $0.78. With Bitcoin’s current price exceeding $109,000, these whales hold unrealized gains of approximately 140,000 times their initial investment. The transfers, tracked on-chain, have fueled discussions about whether the whales are positioning to sell, potentially impacting Bitcoin’s price, which has climbed above $100,000 since May.
A wallet that has been dormant for over 14 years transferred all 10,000 $BTC($1.09B) out just now.
The wallet received 10,000 $BTC($7,805 at that time) at $0.78 on Apr 3, 2011.https://t.co/Kaw9DnngdB pic.twitter.com/W4Rvb4Kbov
— Lookonchain (@lookonchain) July 4, 2025
Large-scale movements by early holders often signal profit-taking, as seen in recent months with other long-term investors cashing out. However, the destination addresses, which are non-exchange wallets, have shown no further activity, suggesting the move may not be an immediate prelude to a sale. Market observers note that such transfers could indicate portfolio reallocation, security measures, or preparation for future transactions.
Bitcoin’s price remained stable post-transfer, but the scale of the movement underscores the influence of early adopters in the crypto market.