Lookonchain first noticed the whale in early July, noting its eight wallets received Bitcoin in April and May 2011, before going dormant for over a decade.
Update July 17, 5:30 am UTC: This article has been updated to include more detail on the whales movements.
A giant Satoshi-era Bitcoin whale previously reported to hold over 80,000 Bitcoin, has just shifted the second half of its stack to a new wallet, days after sending billions worth to Galaxy Digital.
Blockchain analytics service Lookonchain said in an X post on Thursday that the whale moved 40,192 Bitcoin (BTC) — worth $4.77 billion at current prices — to a new wallet and “may continue to sell.”
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