20,000 BTC From 2011 Activated in Synchronized Move
Two long-dormant Bitcoin wallets, each holding 10,000 BTC, suddenly became active late Thursday night after 14 years of silence. On-chain data reveals that both wallets, initially funded on April 3, 2011, moved their entire holdings within 30 minutes of each other.
Backstory: A 2011 Bitcoin Whale Transfer
The activity traces back to a transaction in 2011, when the wallet address 1HqXB…gDwcK sent 23,377.83 BTC to three separate destinations. Two of those received 10,000 BTC each, while the third got 3,377.83 BTC, according to Blockchain.com.
The two recipient wallets — 12tLs…xj2me and 1KbrS…AWJYm — remained untouched until now. On Thursday night and into Friday morning, they each transferred their 10,000 BTC to new addresses in what appears to be a coordinated move. Neither of the new addresses has since moved the bitcoin.
From $7,800 to $2.18 Billion: A Massive BTC Price Surge
When the original transfer happened in 2011, 20,000 BTC was worth just $7,800. As of Friday morning, that same stash is valued at $2.18 billion, marking a staggering 13,982,800% increase in value.
The identity of the wallet owners remains a mystery. It’s also unclear if both wallets are controlled by the same person or entity. No known exchange or public figure has claimed ownership.
BTC Price Remains Steady Above $100K
Despite the rare whale movement, Bitcoin’s price remained relatively stable. As of 1:30 a.m. Friday, BTC traded at $109,064, down just 0.09% over the past 24 hours. Analysts note that Bitcoin continues to hold above the critical $100,000 resistance level, with some predicting that macroeconomic catalysts could soon push it beyond its all-time high of $118,000.
