Whale Alert reports that the first whale moved 10,000 BTC, paying just $50.50 in transaction fees. Mere hours later, a second address—likely controlled by the same entity—executed a near-identical transfer, with a transaction fee of around $40.

Such sudden activity from “sleeping” wallets—particularly those dating back to bitcoin’s earliest days—tends to capture the market’s attention. Large, long-dormant bitcoin movements are often interpreted as precursors to potential price swings: a sell-off could trigger panic across exchanges, while simple wallet reorganizations or cold storage transfers may prove harmless.

The transfers have sparked speculation regarding the whales’ motives. Crypto AI assistant account Alva commented, “Whenever long-inactive bitcoin wallets suddenly move, traders brace for volatility. If funds hit exchanges, it can trigger panic selling; however, routine reorganizations or movement to cold storage are usually benign.”

Historic Pattern Continues
This isn’t the first time old coins have re-emerged in 2025. On June 22, another whale shifted 61 BTC after 11 and a half years of dormancy, reaffirming a pattern of ancient coins entering circulation as the market evolves.