Original Title: "80,000 BTC Activated After 14 Years of Dormancy, Who Is the True Owner? Will They Sell?"
Original Author: Asher, Odaily Planet Daily
After 14 Years of Silence, 80,000 BTC Worth $8.69 Billion Transferred
On-chain data monitoring shows that since noon yesterday, the address of a long-dormant BTC ancient whale, inactive for 14 years, has become active again, with its associated 8 wallet addresses being gradually activated. These 8 addresses can be divided into two batches: 2 addresses received 20,000 BTC on April 2, 2011, when the price of Bitcoin was only about $0.78; the remaining 6 addresses received 60,009 BTC on May 4, 2011, when the price of Bitcoin was $3.37.
As of now, all 80,009 BTC held by these 8 addresses have been transferred to 8 new addresses, each now holding about 10,000 BTC. At current market prices, the total value of this batch of assets is approximately $8.69 billion, with the specific receiving addresses as follows:
· 1GcCK347TMbzHrRpDoVvJdR6eyECyqHCiU
· bc1qmnjn0l0kdf3m3d8khc6cukj8deakg8m588z24g
· bc1qymu2qf0d23qg38p9w7yxxt4yqjjg47rytxujl6
· bc1qnzy2rr7g3688x62f8vrhgeclvtcs5hr50wzu0w
· bc1q2lkyqvqqwus9pl96krgtk4rh0fqu8gtmpuwgmc
· bc1qhtawge4km6juhlkrnvt7qjahhsc96qdlgf3c8t
· bc1q84w6epn6uce9s85slt7q6emm3qfzz7ngq7ef6k
· bc1qwq5geath93h0lnfsrmnwnfuck2f9ypv4ewyl4j
These BTC have not yet been transferred to any trading platform, but they have already stirred market nerves—crypto holders around the world are holding their breath, watching the next move of this "ancient capital."
How Significant is the Potential Selling Pressure?
The market is paying such close attention to this ancient whale's next move mainly because the 80,000 Bitcoins it holds is a massive amount, accounting for about 13.4% of MicroStrategy's total holdings and 6.35% of the known holdings of Satoshi Nakamoto. The cost price of this batch of BTC ranges from $0.78 to $3.37, achieving an astonishing profit of over 100,000 times. At current prices, the total value of these Bitcoins is approximately $8.69 billion, far exceeding Binance's spot trading volume in the last 24 hours (only about $1 billion).
Additionally, from other market data, the total amount of Bitcoin purchased by publicly listed companies in the second quarter of 2025 is about 131,000 BTC, while Bitcoin ETFs net bought about 111,000 BTC during the same period, and last week's daily net inflow was only a little over 2,000 BTC. This indicates that once this ancient whale begins to sell in batches, the scale of selling pressure it releases will far exceed any recent institutional buying or selling activities, and the impact on the market should not be underestimated.
Whether to Sell Depends on Who This Ancient Whale Is
Speculation about the true identity of this ancient whale has sparked discussions in the community, with various opinions.
Possibly an Early Miner, but Identity Uncertain
Coinbase executive Conor Grogan posted on X platform that this BTC ancient whale seems to be a single miner from 2011. This miner consolidated 180 mining reward blocks and had a wallet address containing 200,000 Bitcoins in 2011, which would be worth about $22 billion at current value, making it one of the top five Bitcoin wallets in history.
CryptoQuant analyst Julio Moreno also believes this ancient whale is an early miner, as these transactions can be traced back to early block rewards and show consolidation of different block rewards. Yesterday's transfer appears to be merging multiple smaller UTXOs with a larger UTXO (10,000 BTC).
The "First Person in the Chinese Crypto Circle" Fried Cat
One speculation in the Chinese community points to the legendary figure in the crypto world, "Fried Cat," whose real name is Jiang Xinyu, from Shaoyang, Hunan. A child prodigy, he entered the University of Science and Technology of China at the age of 15 and later studied at Yale. He encountered Bitcoin in 2011 and initiated crowdfunding under the name "friedcat" in 2012, successfully founding ASICMiner, becoming one of the earliest entrepreneurs to develop Bitcoin-specific mining machines. His mining machines once accounted for 42% of the global hash rate, and his company was once highly regarded, known as a "dominant force in the mining circle."
However, Fried Cat mysteriously disappeared at the end of 2014, and there has been no public news or clues since. His legendary experience and sudden disappearance have led many to suspect whether this batch of Bitcoins is related to him. However, feedback indicates that Fried Cat only started making mining machines in 2012, which does not match the creation time of the activated wallets. Additionally, the activity of his public addresses only began in 2013 (address tracking information: https://intel.arkm.com/explorer/address/1BnkEt2ceoVhnQVrqeAzigcroQ6MVyxFey).
Fried Cat's Public Address Transfer Information
Early Bitcoin Evangelist Roger Ver
In major English communities, there is a general speculation that this ancient whale is early Bitcoin evangelist Roger Ver, nicknamed "Bitcoin Jesus."
Common speculation in the English community that this ancient whale is Roger Ver
Roger Ver was one of the most fervent early evangelists of Bitcoin, starting to invest in Bitcoin in 2011 and fully supporting the MT.GOX trading platform during its crisis, helping it through technical difficulties. His company, Memorydealers, was one of the first to accept Bitcoin payments and even placed Bitcoin advertisements in Silicon Valley; later, he launched bitcoinstore.com, enabling the purchase of hundreds of thousands of products with BTC.
Since 2012, Roger Ver has invested in several startup projects, including BitPay, Coinbase, Ripple, and Blockchain.info, almost funding the entire first generation of Bitcoin startups. His evangelistic spirit and investment actions laid the early foundation for the Bitcoin ecosystem.
Between Faith and Realization, This "Ancient Bomb" Remains Unresolved
The core of this storm lies in "who is it" and "what will they do." Regardless of whether the true identity of this ancient whale is ultimately revealed, one thing is undeniable—once they start selling, the selling pressure released by these Bitcoins that have been dormant for 14 years will undoubtedly exceed what the bull market can bear.
While we cannot know what has kept them holding this asset for so long, becoming a true BTC "diamond hand," even the most devout Bitcoin believers may waver in the face of over 100,000 times of paper profit. Currently, these 80,000 BTC are like a "black swan" bomb that could explode the market at any time, slowing down the pace of the bull market.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
