A long-dormant Bitcoin whale has resurfaced, moving funds untouched since 2012.

On Sept. 11, blockchain tracker Lookonchain revealed that three connected addresses shifted 137 BTC, worth about $15.6 million, out of a cache of 955 BTC (equivalent to $108 million).

According to the firm, a small portion of the funds, 5 BTC, was sent to Kraken, suggesting an intent to sell.

Notably, the addresses were last active when Bitcoin traded at just $12 per coin, leaving their combined balance valued at around $10,000 at that time.

However, with BTC price near $113,000 as of press time, that same stash is currently worth more than $108 million, according to CryptoSlate’s data. This represents a gain of over 10,000% in just over a decade.

Dormant Bitcoin wallets resurface

This movement fits into a recent trend of long-dormant Bitcoin wallets reawakening after several years of inactivity.

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For context, CryptoSlate reported that Galaxy Digital executed a $9 billion Bitcoin sale in July linked to a Satoshi-era holder. Another whale investor steadily rotated billions from Bitcoin into Ethereum in August, causing a brief market decline for the top crypto.

In addition, CryptoQuant analyst JA Maartunn pointed out that these transfers are not isolated cases, as more than 604,000 BTC aged three to five years have moved on-chain since March.

This surge in wallet activity marks one of the most significant behavioral shifts among long-term Bitcoin holders in recent memory. Investors in this cohort typically endure multiple market cycles without moving their coins, so their sudden transfers carry weight.

Against that backdrop, many analysts see the transfers as profit-taking, with holders choosing to lock in gains as Bitcoin breaks through the $110,000 mark to new highs.

However, others interpret the activity differently. They suggest it reflects portfolio rebalancing of rotating capital from Bitcoin into Ethereum and select altcoins as institutional demand for crypto rises.

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XRP average dollar investment age has recently decreased

According to data from on-chain analytics firm Santiment, the XRP network has seen signs of movement from the hands of veterans. Two important metrics highlight this trend. The average investment age and age is consumed. These first average dollars invest their age and track the average age (in days) of all dollars invested in cryptocurrency. The “age” of the coin or the USD value invested in it is tracked from the points of the last transaction of the coin.

For example, if a coin remains dormant for 10 days, it accumulates 10 coin days. If the price was $2 at the time of the last movement, there will be a $20 coin day. So, in this case, the average dollar is investing age per dollar. So it’s a 10-coin day.

So, what happens when a coin that has been dormant for a certain period of time finally moves? Both the date of the coin and the associated date of the coin dollar will return to zero. In other words, that age is “consumed.” The second indicator of relevance here, age, is consumed and tracks the days of coins being destroyed in this way throughout the network each day.

Below is a chart showing how the average investment age and age of XRP has changed over the past year.

As seen in the graph, the XRP average investment age has witnessed a decline in the past few weeks, indicating that the average dollar invested in assets is becoming younger. The indicator value reached 593 days, which is 91 days lower than a month ago.

The age consumed has seen some notable spikes along with this decline. This means that long term holders are in motion. Long-term holders refer to Hodlers in the market who hold for a long period with strong confidence and accumulate many coin days in the process.

When these diamond hands finally move, the age consumed tends to register spikes as large coin day destruction accompany them. It is clear from the charts that most of the massive spikes have come recently, just as when XRP reached the top of its prices. This may be a potential indication that long-term holders are cashing out at gatherings.

Since then, cryptocurrency has plummeted. It is still unclear at present whether the consumption age will continue to skyrocket in the near future or if Hodler is finished for now.

XRP Price

At the time of writing, XRP fell more than 10% last week, trading around $3.15.

A Bitcoin whale from the early 2010s, holding coins mined or acquired in Bitcoin’s infancy, recently awakened and sold 80,000 BTC. The sale was handled by Galaxy Digital, which executed the transfer of over 80,000 BTC (worth $9 billion) on behalf of this client, who is described as a “Satoshi-era” investor. 

Despite this massive sale and the volatility that came after, Bitcoin has managed to steady and the ensuing price action shows that bulls were more than prepared to absorb the sell shock.

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Bitcoin Dips To $115,000, Bulls Quickly Bought The Dip

News of the $9 billion Bitcoin sale initially caused price volatility. Bitcoin’s price had recently been trading around $119,000, so the sudden influx of sell orders caused a short-lived pullback. On July 25, as reports of Galaxy’s whale sale spread, BTC/USD swiftly fell to around $114,000 to $115,000. 

The sheer size of 80,000 BTC (over 0.4% of total supply) hitting the market had the potential to trigger panic. Indeed, there were signs of profit-taking and higher exchange inflows in the days surrounding the sale. This, in turn, led to a 3.5% drop, which is one of Bitcoin’s steepest intraday dips in weeks, temporarily breaking below the $115,000 support level. 

However, it soon became clear that Bitcoin’s bulls were more than prepared to absorb the shock. The price decline bottomed out in mere hours. By the end of that same day, Bitcoin had rebounded above $117,000, and it was trading back in the mid-$117,000.

This rapid recovery demonstrated remarkable liquidity and depth in the Bitcoin market. “80,000 BTC, over $9 billion, was sold into open market order books, and Bitcoin barely moved,” observed crypto analyst Joe Consorti, showing how quickly buyers stepped in to counter the selling pressure.

Image From X: Joe Consorti

Back in earlier years, a sell order of this magnitude could have triggered a double-digit percentage price crash. By contrast, the ecosystem in 2025 handled it with surprising ease. “The entire sale has been fully absorbed by the market,” noted Bitcoin analyst Jason Williams.

What’s Next For Bitcoin Price?

With the whale’s 80,000 BTC sale now largely in the rearview mirror, the next step is looking ahead to where Bitcoin might go from here. The fact that the market digested a $9 billion sell-off with only minor turbulence has many observers feeling even more bullish about Bitcoin’s trajectory. “We’re going so much higher,” Jason Williams noted.

It’s a sentiment shared by several crypto analysts on X, who see the quick recovery as evidence of strong upward momentum. The consensus among bulls is that new all-time highs could be on the horizon in the coming months. Bitcoin already notched a record around $123,000 on July 14, but analysts are still calling for new highs above $130,000, $150,000, or even higher. 

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At the time of writing, Bitcoin is trading at $118,063, up by 0.5% in the past 24 hours.

Featured image from Unsplash, chart from TradingView

Two Bitcoin (BTC) whales have come out of a long slumber and moved billions of dollars worth of the flagship crypto asset, according to on-chain data.

Blockchain tracking firm Lookonchain says the two Bitcoin addresses that each had 10,000 BTC were each emptied within minutes of each other on the 4th of July.

The two wallets had received their respective Bitcoin on April 3rd of 2011 when BTC was trading at $0.78 a piece. The value of the Bitcoin in the slightly older wallet had risen from $7,805 to $1,092,370,050.73 at the time of the transfer, a gain of 13,995,672%.

In the newer wallet, the value of the Bitcoin had jumped from $7,805 to $1,090,670,006.39, a 13,973,891% gain. The total value transferred from the ancient addresses adds up to $2,183,040,056.

Bitcoin is trading at $109,061 at time of writing.

While the wallets were dormant since April of 2011, they also received trace amounts of Bitcoin during the intervening period, possibly due to dusting attacks conducted to try to sniff out the entities behind the addresses. Dusting attacks are typically conducted by researchers, law enforcement officials or criminals.

The phenomenon of long-dormant addresses suddenly getting active spurs media interest due to their potential link to the pseudonymous creator of Bitcoin, Satoshi Nakamoto, who remains a mystery more than one and a half decades since the crypto king was introduced to the world.

The last known publicly verifiable online activity linked to Satoshi Nakamoto leads back to December of 2010 when the pseudonymous creator took to the BitcoinTalk forum to discuss a software update for Bitcoin meant to forestall denial-of-service (DoS) attacks.

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A North Korean developer gained elevated privileges inside Waves Protocol’s Keeper-Wallet codebase, according to a June 18 report by Ketman.

The report highlighted routine scans for Democratic People’s Republic of Korea (DPRK) activity on GitHub, which uncovered the account “AhegaoXXX” pushing updates to Keeper-Wallet. 

The wallet’s repositories showed no legitimate commits after August 2023, yet they received multiple dependency bumps beginning in May 2025. 

Repository analytics indicated that the user can open branches, create releases, and publish to the Node Package Manager (NPM) registry, giving the operator complete control over the organization.

The report then linked “AhegaoXXX” to contracting rings of DPRK IT workers, which had previously used freelance channels to infiltrate software projects.

The account’s reach extended beyond simple maintenance. Redirect rules inside the main Waves Protocol namespace now point to identical packages inside the newly active Keeper-Wallet namespace, suggesting an insider moved code from the core organization to the wallet project.

Suspicious code changes

The report also mentioned one commit inside “Keeper-Wallet/Keeper-Wallet-Extension” that adds a function exporting wallet logs and runtime errors to an external database. 

The modified routine captures mnemonic phrases and private keys before transmission, raising the likelihood of credential exfiltration. The branch remains unmerged, but its presence indicates an intent to include the code in a production release.

The NPM registry records reflect related activity. Versions of “@waves/provider-keeper,” “@waves/waves-transactions,” and four other packages suddenly advanced after two years of dormancy. 

Each publication lists “msmolyakov-waves” as a maintainer. GitHub history shows that the account belonged to former Waves engineer Maxim Smolyakov and exhibited no activity since 2023 until it approved a pull request from “AhegaoXXX” and triggered a new NPM release in under four minutes. 

The report assessed that the engineer’s credentials now fall under DPRK control, providing the attacker with a second trusted path to distribute malicious builds.

Supply-chain exposure and countermeasures

The shift from isolated freelancing to direct repository control marks what the report called an “unusual cross-over” between ordinary DPRK contract work and an overt hacking campaign.

Download counts for affected packages remain low, but any Waves user who installs or updates Keeper-Wallet risks importing code that forwards secret phrases to a hostile server.

The publication advised development teams to tighten supply-chain defenses, including audit contributor privileges, removing inactive members from GitHub organizations, tracking who can trigger package releases, and monitoring repository redirects across ecosystems such as npm and Docker. 

Lastly, the firm encouraged regular reviews of publisher e-mail domains to detect dormant accounts that could approve rogue updates.

Ethereum has been consolidating around the $2,500 price level over the past few days, showing little momentum in either direction. The second-largest cryptocurrency by market cap has struggled to sustain a breakout above the $2,600 resistance zone, despite the inflows into Ethereum Spot ETFs last week. 

Related Reading

One event that has sparked interest, and possibly concern, among Ethereum holders is the reactivation of a dormant whale wallet holding millions worth of ETH. The sudden awakening of this long-inactive address raises questions about a potential selling pressure and its market impact.

First Transaction From Dormant ETH Address Since 2015

On-chain tracker Whale Alerts was the first to report the reawakening of a pre-mined Ethereum address that had been inactive for nearly a decade. According to the large on-chain transaction tracker, the wallet, which held 2,000 ETH, initiated its last transaction 9.9 years ago. When the wallet last moved any funds in 2015, the entire stash was worth just $620. Today, that same amount is valued at over $5 million, making the owner’s profit roughly 820x based on current prices. At Ethereum’s all-time high price of $4,878 in 2021, the cryptocurrencies reached an unrealized gain of 1573x.

A dormant pre-mine address containing 2,000 #ETH (5,063,918 USD) has just been activated after 9.9 years (worth 620 USD in 2015)!https://t.co/G0i8Rif0XX

— Whale Alert (@whale_alert) June 14, 2025

The alert by Whale Alerts, which noted the first transaction after 9.9 years, involved the transfer of 0.0001 ETH from the whale address “0xcF26” to address “0x2C12,” which is a newly created ETH address. However, Etherscan’s on-chain transaction data reveals that the whale address sent 500 ETH into the newly created address shortly afterward. 

Following the string of transaction data from Etherscan shows that these 500 ETH eventually made their way into  address “0x28C6,” which is known to be owned and controlled by crypto exchange Binance. This means that the 500 ETH may have already been sold through the exchange or are currently being prepared for liquidation.

Brace For Impact: Will The Remaining 1,500 ETH Be Sold?

As of now, the original whale address still holds approximately 1,500 ETH, currently valued at $3.796 million. However, it opens up the question of whether the rest of the funds will also be sold. Although we cannot be sure of a planned full liquidation, the pattern of the 500 ETH transfer and the involvement of an exchange address indicate that the possibility cannot be dismissed.

Right now, Ethereum is in a fragile price action around the $2,500 price level. If more ETH is offloaded by the whale, the added selling pressure could make it even harder for Ethereum to break out of its current consolidation phase, especially if there isn’t enough buying pressure to absorb the ETH sold off. 

Related Reading

At the time of writing, Ethereum is trading at $2,525. The past 24 hours were spent by Ethereum trading between $2,549 and $2,495.

Featured image from Unsplash, chart from TradingView

Facepalm: Supply chain attacks can remain dormant for extended periods before striking their target, but they typically don’t take years to achieve their objectives. However, a recently uncovered attack managed to stay undetected for a record-breaking length of time.

At least three vendors of e-commerce software tools were compromised in a coordinated supply chain attack dating back at least six years. According to security firm Sansec, the unknown attackers injected a dangerous backdoor into the vendors’ products, only taking control of third-party e-commerce servers a few days ago.

The backdoor ultimately infected hundreds of e-commerce websites, with Sansec estimating between 500 and 1,000 total victims. The affected sites include both small businesses and large enterprises – including one $40 billion multinational corporation that Sansec declined to identify.

The compromised vendors offer extensions for Magento, the open-source e-commerce platform acquired by Adobe several years ago. Sansec reported that servers belonging to Tigren, Magesolution, and Meetanshi were breached, with the attackers injecting backdoors into their download systems.

Analysts also discovered a tampered version of the Weltpixel GoogleTagManager add-on. However, it’s still unclear whether Weltpixel’s systems were directly compromised or if only end-user e-commerce stores were affected.

Sansec described supply-chain attacks as one of the most severe threats facing online systems. After compromising the vendors’ servers, the cybercriminals gained access not only to the vendors’ customers, but also – by extension – to all end users visiting the affected e-commerce stores. Once activated, the backdoor executed its malicious payload in users’ browsers, stealing payment information in a manner reminiscent of a typical Magecart attack.

The security firm has published instructions to help website operators determine whether their e-commerce platforms have been compromised by this new supply-chain campaign. One key indicator is a PHP function that attempts to load a file named “$licenseFile”, which initiates a chain of execution ultimately leading to the injection of malicious PHP code.

Sansec said it attempted to alert the affected add-on vendors. Despite the warning, both Tigren and Magesolution reportedly continued distributing the compromised versions of their tools. Meetanshi, on the other hand, acknowledged the breach, but none of the companies provided further comment or answered follow-up questions. As Sansec noted, that’s hardly reassuring behavior from vendors claiming to offer solutions to “help online stores succeed” in the competitive world of e-commerce.

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With the robust bullish performance observed across the general crypto market, Bitcoin has shifted toward the upside trajectory, breaking above key resistance levels. In a surprising twist that has caught the sector’s attention, old BTC investors are making their presence known in the market with massive coins moved in recent months following the resurgence in upward movements.

Historic Bitcoin Stirs Up In 2025

As the market rally gains momentum, Bitcoin has surged to levels above the $93,000 mark after many weeks of bearish actions. During this volatile period, Bitcoin sleeping giants are starting to wake up, indicating strong conviction in the asset’s long-term potential.

In a quick-take post on the CryptoQuant platform, a market expert with the username OnChainSchool reported that old dormant BTC has been moving since the beginning of 2025. Presently, more than twice as much long-dormant Bitcoin has been moved in the first three months of 2025 when compared to the same time period in 2024. 

Long-dormant BTC springing back to life hints at a potential shift in sentiment among older or early investors. The abrupt action of these old investors could signal a turning point in Bitcoin’s market dynamics, whether it be for profit-taking, portfolio rebalancing, or getting ready for the next leg of the bull market.

Data shared by the expert reveals that about 62,800 BTC aged over 7 years were spent between January and March 2025. During the same period in 2024, over 28,000 BTC were observed being moved, marking a 121% increase in the movement of old coins.

It is worth noting that this analysis does not include the 141,000 BTC related to the Mt. Gox transfers in May 2024. The reason for this is to ensure a cleaner view of organic market activity between Q1 of 2024 and Q1 of 2025.

According to the expert, the increase might indicate a change in mood among long-term holders, which could be bolstered by changes in the macroeconomic environment, expectations for prices, or institutional liquidity requirements.

Long-Term And Short-Term BTC Holders’ Current Behavior

Bitcoin’s price has regained its footing as it hovers near critical resistance levels. Amid the renewed upward trend, there has been a significant behavioral divergence between long-term and short-term BTC holders.

Recent reports reveal that long-term BTC holders have been accumulating more coins at a rapid rate while short-term holders are capitulating and selling into weakness. LTH accumulation and STH capitulation typically indicate the beginning of a re-accumulation phase.

BTC’s Long-Term Holders’ Net Position Change has turned positive for the first time since the local top, suggesting that seasoned investors have resumed accumulation after months of continued distribution. Meanwhile, short-term holders are still liquidating their holdings, with net outflows falling deeper into negative territory.

Featured image from Adobe Stock, chart from Tradingview.com

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According to the chain’s Blockchain Thruce Spot, the whale, which has held tokens since its first coin product (ICO), caused waves on Monday.

The whales deposited 7,000 ETH, worth $13.8 million in Kraken at press time as token prices plummeted along with the wider markets on the fear of the US recession. The ether reached $1,760, the lowest since October 2023, and last changed hands at $1,900.

The large inflows to the exchange are said to represent the intent of investors to liquidate assets or develop the same as derivative transactions. This often breeds price volatility.

Etheric ICO whales still carry 30,070 ETH, more than $50 million.