A Bitcoin address that had shown no activity for more than seven years transferred 2,931 BTC, valued at $188 million, on Sunday. The move comes after the wallet, last active on October 23, 2018, remained dormant through several major bull and bear cycles in the cryptocurrency market.
Details of the Bitcoin Transfer
Blockchain analytics firm Arkham Intelligence reported that the significant transfer took place at 3:41 p.m. Eastern Time. The coins were sent from the wallet identified as “356my…BAsmK” to a new and previously unused address, “bc1qn…8gp25”. At the time of this transfer, Bitcoin was trading at approximately $64,000, nearly ten times higher than when the wallet was last active.
No transactions have been recorded from the receiving wallet since this large inflow. The original wallet’s most recent activity coincided with a period when Bitcoin was priced near $6,475 per coin, meaning the value of the held assets has multiplied almost tenfold over the intervening years.
A long-dormant wallet transferred 2,931 BTC, worth $188 million today, after holding the coins since Bitcoin’s price was around $6,475. The purpose of the transfer remains unknown, but market analysts have noted that such activity often precedes significant trades or sales.
According to blockchain observers, such sudden movements by longstanding holders may suggest the intention to sell or secure assets for other uses. However, there is currently no evidence of subsequent trading from the destination wallet.
Historic Context for Dormant Wallet Moves
Movements of large amounts from inactive wallets tend to draw attention in the crypto community and can sometimes signal upcoming market actions. In July 2025, for example, $8.7 billion worth of Bitcoin moved from a wallet that had been dormant for 14 years. That event was one of the largest transfers of inactive coins ever recorded.
Sunday’s transfer fits into an ongoing pattern where significant holders, or “whales,” reactivate wallets during or after strong price rallies. The Bitcoin market has seen similar behavior each time new all-time highs have been set, with dormant wallets occasionally becoming active after years of silence.
Despite the size of the latest transfer, blockchain analytics have not been able to identify the wallet owner, leaving open the question of whether the controlling party is an individual, business, or other entity.
Onchain tools cannot link specific names to wallet addresses unless those addresses have been publicly disclosed.
The 2,931 BTC that moved on Sunday had remained untouched through key market milestones, including Bitcoin’s surge to $69,000 in 2021, its decline below $20,000 in 2022, and subsequent new highs reached in 2024 and 2025.
During the reporting period, Bitcoin traded near $63,376, registering a price decrease of 1% compared to the previous day. The coin’s value had fluctuated above $64,000 at several points on Sunday, reflecting normal volatility.
Mini dictionary: Arkham Intelligence, a blockchain analytics firm offering tools to track and identify onchain transactions and wallet movements across major crypto networks.
| Date of Last Activity | BTC Price on Last Activity | Date of Transfer | BTC Price at Transfer | BTC Transferred | Transfer Value |
|---|---|---|---|---|---|
| October 23, 2018 | $6,475 | July 12, 2026 | $64,000 | 2,931 | $188 million |
