A mysterious 2011 address moves billions in Bitcoin
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A dormant Bitcoin stash from 2011 just woke up and shuffled over $2 billion overnight. Traders and analysts are scrambling to understand who’s behind this massive move—and why now.
A whale moves billions in Bitcoin
Last night, blockchain sleuths at Arkham Intelligence spotted a single address emptying out 18,643 BTC—worth over $2 billion at the time—into Galaxy Digital’s exchange wallet. This wasn’t a one-off shuffle: the same entity, dubbed the “OG Whale,” had already redistributed $8.6 billion of Bitcoin across eight addresses earlier this month. Such staggering transfers hint at a long-term holder finally taking profits after nearly 15 years in the shadows.
A mysterious whale cashes out a 2011 hoard
Analyst Conor Grogan suggests the coins originated from a miner active in 2011, when Bitcoin traded between $1 and $29. If so, this move marks the first cash-out for coins that have sat untouched since the early days of cryptocurrency. With Bitcoin recently hitting all-time highs above $123,000, it appears the right moment for this ancient stash to convert “digital gold” into cold, hard cash—underscoring both the incredible ROI of early adopters and Bitcoin’s enduring appeal.
In the end, this dramatic transfer serves as a reminder of Bitcoin’s volatility and the powerful incentives for early miners. As institutions and retail investors alike watch the market, the OG Whale’s return could spark fresh waves of buying—or selling—depending on how confidence shifts.
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