What to know:
When a large whale moves in the sea, it creates ripples across the water. Similarly, when a large bitcoin holder, often referred to as a crypto whale, moves its coins on-chain, that creates buzz on social media, prompting observers to wonder if it’s a prelude to a sale and downside price volatility.
Early Friday, two wallets, labelled “12tLs…xj2me” and “1KbrS…AWJYm,” moved 20,000 BTC, worth over $2 billion, to new addresses, according to data tracked by blockchain sleuth Lookonchain. The addresses received these coins on April 3, 2011, when bitcoin was priced at around 78 cents.

Today, BTC is over $109,000, implying a staggering 140,000-fold return for the two whale addresses, which means that they have a strong incentive to liquidate their holdings. Many long-term holders have been selling their coins ever since BTC crossed above $100,000 in May.
That said, the latest transfers were made to non-exchange addresses, which have gone silent since receiving these coins. So, it’s too early to conclude that the transfer operation is aimed at taking profits. But hey, who knows? Maybe these whales are just rearranging their digital treasure troves for a more comfortable slumber. 💤🐳
Read More
- Xbox’s Forza Horizon 5 Sold an Outrageous 2 Million Copies on PS5 in a Month
- Gold Rate Forecast
- xAI’s $300/month Grok 4, billed as a “maximally truth-seeking AI” — seemingly solicits Elon Musk’s opinion on controversial topics
- How Much Does a PS5 Equivalent PC Cost in 2025?
- Lewis Capaldi Details “Mental Episode” That Led to Him “Convulsing”
- Why Stephen Baldwin Is “Blessed” By Justin & Hailey Bieber’s Marriage
- Ryan Lochte Gets Cozy With New Woman Amid Kayla Reid Divorce
- Anime’s Greatest Summer 2024 Shonen Hit Drops New Look Ahead of Season 2
- Microsoft has a new way to use AI in OneNote — but a “dumb” feature excites me more
- Wrestler Marcus “Buff” Bagwell Undergoes Leg Amputation
2025-07-04 11:08