In just about a week after the Satoshi-era Bitcoin whale created a buzz across the crypto market with its massive $8.6 billion BTC transfer, the whale is back—this time moving thousands of BTC tokens, according to recent data shared by the tracking firm Lookonchain.
The same wallet address that previously moved a total of 80,000 BTC within mere hours has been spotted transferring a massive 20,000 BTC on July 14, coinciding with Bitcoin crossing a new all-time high of $123,000.
Ancient Bitcoin whale shows up again
While the move has raised eyebrows among crypto market watchers, it stands as another remarkable reactivation of Satoshi-era cryptos as Bitcoin continues to gain mainstream momentum amid growing retail and institutional adoption.
Data shows that the coins were originally mined or received in 2010. As such, the BTC tokens transferred today are among the oldest Bitcoin holdings in existence, reflecting gains of over 3,024,900% per Bitcoin held.
Although on-chain trackers could not identify the whale behind the wallet—reawakened on July 4th, 2025, after 14 years of dormancy—there are speculations it may be operated by a single entity. Some even suggest the possibility that the whale is Bitcoin’s pseudonymous creator, Satoshi Nakamoto, or someone close to them.
The wallet’s consistency and coordinated strategy in moving large amounts of BTC in batches of 10,000 further supports the theory of single ownership. The latest transfer also took place via two separate transactions, each carrying 10,000 BTC.
Amid Bitcoin’s soaring price during the ongoing market rally, the 20,000 BTC transferred by the whale was worth a massive $2.42 billion, sparking fresh debate among market participants.
While the true reason behind the series of 10,000 BTC transfers remains unclear, some speculate that the wallet holder—likely an early investor or Bitcoin OG—may be repositioning their holdings.
Given that this activity comes as Bitcoin continues to break records during a major crypto bull run, it appears the whale might be either preparing to take profits or simply moving the stash to newer, more secure wallets.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team