A shocking event has just shaken the crypto world. According to a report from Lookonchain, a dormant OG Bitcoin whale—who had been inactive for over 14 years—has suddenly "woken up" and transferred 20,000 BTC to a new address today (July 4, 2025). The transaction is estimated to be worth $2.18 billion, or approximately IDR 35 trillion!

Purchased When BTC Was Just $0.78

What makes this even more astounding is the fact that the BTC was originally acquired at just $0.78 per coin. This means the whale has gained over 140,000x profit—possibly one of the largest returns in modern investment history.

The old wallet holding these BTCs was listed on bitinfocharts and had shown no activity for over a decade—until today.

Bitcoin Price Drops as Market Reacts

The market wasted no time reacting. Many investors are concerned that this move signals a potential large-scale sell-off, which could cause significant price disruption. As a result, Bitcoin's price dropped around 1.6%, hovering at $107,831 at the time of writing.

Although there’s no confirmation yet whether the BTC will be sold or simply moved to another cold wallet or exchange, the negative sentiment alone has already triggered retail panic selling.

Owner Remains a Mystery

The identity of the wallet’s owner remains unknown. Speculation is rampant—from early miners, old institutions, to even theories about the elusive Satoshi Nakamoto himself (although this is highly doubtful).

One thing is certain: when old whale wallets move, the crypto world pays attention.

Why This Matters

• Historical significance: This wallet has held BTC since Bitcoin's early days, offering a glimpse into the digital gold rush era.
• Real market impact: Major whale movements can affect price action in a flash.
• Investor psychology: The fear of massive sell-offs can spark panic, even when the actual intent is unclear.

Conclusion

This story is a powerful reminder that the crypto market remains highly sensitive to whale activity and sentiment. Even without a confirmed sell-off, the mere fact that such an ancient wallet is suddenly active is enough to shake the market. Could this be the first of many awakenings from long-dormant OG wallets? Time will tell.