Bitcoin News
By Maheen Hernandez
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A legendary Bitcoin whale, dormant for over 14 years, has stirred the crypto market by transferring a massive 40,191 BTC—worth approximately $4.8 billion—to Galaxy Digital.
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According to Arkham Intelligence, the whale initiated 15 transactions starting at 5:41 p.m. on Thursday, funneling all 40,191 BTC into a single wallet associated with Galaxy…
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This movement of such a massive amount of Bitcoin has raised speculation that the whale is preparing to sell.
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The whale's reactivation earlier this month was already a significant event. On July 4, the whale moved the first batch of 40,010 BTC to two addresses also linked to Galaxy…
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This activity has stirred questions and theories about the identity of the OG whale. Some have speculated that the wallet could belong to early crypto pioneers such as Roger Ver…
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If Grogan's theory holds true, the original value of the 80,000 BTC—worth just $62,400 in April 2011 when Bitcoin traded at around $0.78—has now ballooned into a staggering $9.
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The timing of these transfers also adds to the intrigue. Bitcoin recently reclaimed its all-time high, trading above $123,000 before settling around $120,385.
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Despite the size and potential implications of this move, the market reaction has been relatively calm so far.
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The OG whale’s actions also shed light on the evolving infrastructure of the crypto industry.
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Looking ahead, the market will likely keep a close eye on Galaxy Digital’s wallets and related onchain activity to determine whether a large sale is imminent or if this is simply…
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As Bitcoin continues to grow in adoption and value, events like these remind the community of the immense wealth held by early adopters and the potential impact they can still…
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