{"id":29175,"date":"2025-08-27T15:25:31","date_gmt":"2025-08-27T12:25:31","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=29175"},"modified":"2025-08-27T15:31:30","modified_gmt":"2025-08-27T12:31:30","slug":"dormant-whale-transfers-750-btc-to-binance-after-seven-years","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/dormant-whale-transfers-750-btc-to-binance-after-seven-years\/","title":{"rendered":"Dormant Whale Transfers 750 BTC to Binance After Seven Years"},"content":{"rendered":"<p>Amidst the <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-price-dips-to-109000\">market correction<\/a>, major holders of Bitcoin and Ethereum are exhibiting divergent strategies. Some are locking in profits, while others are buying the dip.  <\/p>\n<p>Analysts at Lookonchain have noted the reactivation of a whale dormant for 12 years, who transferred 750 BTC ($83.3 million) to Binance. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">A Bitcoin OG &#8220;bc1qlf&#8221; sold another 750 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a>($83.11M) in the past 2 hours.<\/p>\n<p>12 years ago, he received 5K <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a>($1.66M then) at only $332 and only started selling after <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> broke $90K in December 2024. <\/p>\n<p>He has sold 1,750 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a>($189.3M) at $108,160 avg, leaving 3,250 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a>($360.75M).\u2026 <a href=\"https:\/\/t.co\/m3G3lhgm9C\">pic.twitter.com\/m3G3lhgm9C<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1960636941818585320?ref_src=twsrc%5Etfw\">August 27, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The crypto investor acquired the coins in 2013 when Bitcoin was trading at $332 and began selling them last December. According to on-chain specialists, his profit amounted to $510 million. <\/p>\n<p>According to <a href=\"https:\/\/intel.arkm.com\/explorer\/address\/bc1q5nv34s3d6zyxrvt4dwv0gnj9se0pfuqca9mfcm\">Arkham<\/a>, following the latest transaction, the whale&#8217;s balance still holds 750 BTC, while an associated wallet contains 2,500 BTC (~$276.5 million).<\/p>\n<p>A user by the nickname Doxxed <a href=\"https:\/\/x.com\/Cryptosamarai\/status\/1960637202917913063\">speculated<\/a> that the investor is preparing to purchase Ethereum. Previously, experts <a href=\"https:\/\/forklog.com\/en\/news\/dormant-bitcoin-whale-awakens-after-seven-years-acquires-270-million-in-ethereum\">reported<\/a> on another major holder of digital gold, who became active for the first time in seven years and bought 62,914 ETH ($270 million) on the spot market. <\/p>\n<p>Lookonchain noted that the address might be linked to another whale who conducted a similar operation. On August 21, this whale <a href=\"https:\/\/forklog.com\/en\/news\/corporations-amass-over-4-million-eth-worth-17-6-billion\">sold<\/a> 670 BTC ($76 million) to purchase 68,130 ETH ($295 million).<\/p>\n<h2 class=\"wp-block-heading\">Ethereum Whales Seize the Opportunity <\/h2>\n<p>On August 26, an Ethereum whale inactive since 2021 withdrew 6,334 ETH ($28 million) from the Kraken exchange, reported an analyst under the pseudonym CryptoGoos. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">After 4 years of silence\u2026<\/p>\n<p>This whale just bought $28M worth of <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>.<\/p>\n<p>He knows something. <a href=\"https:\/\/t.co\/DQIgDFy6AG\">pic.twitter.com\/DQIgDFy6AG<\/a><\/p>\n<p>\u2014 CryptoGoos (@crypto_goos) <a href=\"https:\/\/twitter.com\/crypto_goos\/status\/1960289368137974113?ref_src=twsrc%5Etfw\">August 26, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to <a href=\"https:\/\/www.coingecko.com\/ru\/%D0%9A%D1%80%D0%B8%D0%BF%D1%82%D0%BE%D0%B2%D0%B0%D0%BB%D1%8E%D1%82%D1%8B\/%D1%8D%D1%84%D0%B8%D1%80%D0%B8%D1%83%D0%BC\">CoinGecko<\/a>, in recent days, the price of Ether has dropped by 13% \u2014 from $4,900 to $4,300. Experts believe that large investors see the correction as a suitable time to accumulate the asset. <\/p>\n<p>A more extensive operation was conducted by another unknown participant, who <a href=\"https:\/\/twitter.com\/arkham\/status\/1960046566686822612\">purchased<\/a> Ethereum worth $2.55 billion through Hyperliquid and locked it in staking. <\/p>\n<p>Arkham specialists also reported that nine whale-associated addresses bought Ether worth $456.8 million. Five of them made transactions through the BitGo platform, while the rest used the <span data-descr=\"over-the-counter transactions\" class=\"old_tooltip\">OTC<\/span> platform Galaxy Digital. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">9 WHALE ADDRESSES JUST BOUGHT $450M OF ETH<\/p>\n<p>9 massive addresses just bought a total of $456.8 MILLION USD of ETH. 5 of these addresses received from Bitgo while the remainder purchased their ETH with Galaxy Digital OTC.<\/p>\n<p>Whales are buying <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>.<\/p>\n<p>Addresses:\u2026 <a href=\"https:\/\/t.co\/TceZQlng6w\">pic.twitter.com\/TceZQlng6w<\/a><\/p>\n<p>\u2014 Arkham (@arkham) <a href=\"https:\/\/twitter.com\/arkham\/status\/1960430114761507262?ref_src=twsrc%5Etfw\">August 26, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Demand for Ethereum continues to grow from the corporate sector as well. Last week, BitMine <a href=\"https:\/\/forklog.com\/en\/news\/former-bitmain-executives-to-raise-1-billion-for-bnb-investments\">purchased<\/a> cryptocurrency worth $2.2 billion, increasing its reserves to 1.7 million ETH valued at $7.9 billion. <\/p>\n<p>Meanwhile, Ether-based spot ETFs <a href=\"https:\/\/sosovalue.com\/assets\/etf\/Total_Crypto_ETH_ETF_Fund_Flow?page=usETH\">attracted<\/a> over $1 billion since August 21, offsetting previous outflows. <\/p>\n<p>At the time of writing, more than 9% of the total Ethereum supply is under the management of exchange-traded funds and public companies. <\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/AD_4nXeOTdQVg8FPYfnxsXOG15_L9j7Q0Avfitky4RCViwgUjmLFARF9elYQuFb_g3Lld-h_gZZUlm8lf2cVaqEI85WjJOxV66PM_bHZzn5MgFZx8u4X9Vo1MrmsKx8P1WGAfNzPPwIZ.webp\" alt=\"Dormant Whale Transfers 750 BTC to Binance After Seven Years\" class=\"wp-image-264647\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.strategicethreserve.xyz\/\">Strategic ETH Reserve<\/a>. <\/figcaption><\/figure>\n<p>In August, the head of digital asset research at Standard Chartered, Geoffrey Kendrick, <a href=\"https:\/\/forklog.com\/en\/news\/standard-chartered-labels-ethereum-as-undervalued\">described<\/a> Ether and the companies holding it as undervalued. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amidst the market correction, major holders of Bitcoin and Ethereum are exhibiting divergent strategies. Some are locking in profits, while others are buying the dip.  <\/p>\n","protected":false},"author":1,"featured_media":29176,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Amidst the market correction, major holders of Bitcoin and Ethereum are exhibiting divergent strategies.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,46,1156],"class_list":["post-29175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-ethereum","tag-institutional-investors-and-whales"],"aioseo_notices":[],"amp_enabled":true,"views":"237","promo_type":"1","layout_type":"1","short_excerpt":"Amidst the market correction, major holders of Bitcoin and Ethereum are exhibiting divergent strategies.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/29175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=29175"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/29175\/revisions"}],"predecessor-version":[{"id":29177,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/29175\/revisions\/29177"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/29176"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=29175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=29175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=29175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}