{"id":34587,"date":"2026-07-16T08:38:06","date_gmt":"2026-07-16T08:38:06","guid":{"rendered":"https:\/\/bitunikey.com\/news\/dormant-bitcoin-wallet-moves-383m-after-more-than-8-years\/"},"modified":"2026-07-16T08:38:19","modified_gmt":"2026-07-16T08:38:19","slug":"dormant-bitcoin-wallet-moves-383m-after-more-than-8-years","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/dormant-bitcoin-wallet-moves-383m-after-more-than-8-years\/","title":{"rendered":"Dormant Bitcoin wallet moves $383M after more than 8 years"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">A Bitcoin wallet that had remained inactive for more than eight years has transferred 5,908 BTC worth about $383 million, reviving another long-dormant holding as traders continue tracking large onchain movements.<\/p>\n<div id=\"cn-block-summary-block_5a10c03094840314d9e947f6a04a928a\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>A Bitcoin wallet dormant for more than eight years transferred 5,908 BTC worth about $383 million to a new address.<\/li>\n<li>Onchain data showed the coins were not sent to a known exchange wallet, leaving the holder\u2019s intentions unclear.<\/li>\n<li>The transfer followed another dormant whale move earlier this week, keeping large Bitcoin wallet activity in focus.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to blockchain analytics platform Lookonchain, citing Arkham data, the wallet identified as \u201c138EM\u2026ReyiT\u201d moved the entire 5,908 BTC balance to a new address at 7:15 p.m. ET on Wednesday. The coins remain in the recipient wallet, with no signs that they have been sent to a cryptocurrency exchange.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">A <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/hashtag\/BitcoinOG?src=hash&amp;ref_src=twsrc%5Etfw\">#BitcoinOG<\/a> transferred 5,908 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a>($382.67M) to a new wallet after being dormant for 8 years.<\/p>\n<p>The OG received 5,908 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> 8 years ago when <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> was trading at $16,865 and had held it ever since. <\/p>\n<p>The position is now up $283M (+284%).<a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/x77s7oSDhC\">https:\/\/t.co\/x77s7oSDhC<\/a> <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/bw4dUN7y13\">pic.twitter.com\/bw4dUN7y13<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/lookonchain\/status\/2077588714809962644?ref_src=twsrc%5Etfw\">July 16, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Arkham\u2019s <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/arkm.com\/explorer\/address\/138EMxwMtKuvCEUtm4qUfT2x344TSReyiT\" target=\"_blank\" rel=\"nofollow\">data<\/a> showed the wallet originally received the Bitcoin in December 2017, when BTC traded near $16,800. The holdings were worth about $99.6 million at the time, compared with roughly $383 million at current market prices.<\/p>\n<p>The timing of the original purchase makes the wallet notable. The holder kept the coins through Bitcoin\u2019s nearly 80% decline in 2018, its rally to almost $69,000 in 2021, the subsequent fall to around $15,500 in late 2022, and the record high above $122,000 reached in October 2025, according to market price data. At that peak, the wallet\u2019s balance was worth about $726 million.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>While the movement has drawn attention, CoinDesk\u2019s onchain analysis said the Bitcoin was transferred to a newly created, unlabeled address rather than a known exchange deposit address, indicating there is no onchain evidence of an immediate public sale.<\/p>\n<p>The report also noted that the coins moved from a legacy Bitcoin address beginning with \u201c1\u201d to a newer SegWit address beginning with \u201cbc1q.\u201d According to CoinDesk, large holders often reorganize assets to upgrade wallet formats, improve custody, rotate private keys, prepare estate transfers, or arrange over-the-counter transactions that do not reach public exchanges.<\/p>\n<h2 class=\"wp-block-heading\">Dormant whale activity remains in focus<\/h2>\n<p>The latest transfer follows another dormant Bitcoin wallet that became active earlier this week after more than seven years. As previously reported by crypto.news, blockchain intelligence platform Arkham said a wallet moved 2,931 BTC worth about $188 million to a new address after remaining inactive since Bitcoin traded near $6,500.<\/p>\n<p>Although neither transfer has confirmed selling activity, CryptoQuant has reported that whale-sized deposits continue to dominate Bitcoin exchange inflows. Its exchange whale ratio recently stood at 0.99, indicating that the 10 largest transfers accounted for nearly all Bitcoin deposited to exchanges.\u00a0<\/p>\n<p>According to the firm, elevated readings have historically been associated with higher selling pressure because large deposits are more likely to precede sizable sales.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Bitcoin wallet that had remained inactive for more than eight years has transferred 5,908 BTC worth about $383 million, reviving another long-dormant holding as traders continue tracking large onchain&hellip;<\/p>\n","protected":false},"author":1,"featured_media":34588,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-34587","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/34587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=34587"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/34587\/revisions"}],"predecessor-version":[{"id":34589,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/34587\/revisions\/34589"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/34588"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=34587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=34587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=34587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}