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BTC Another silent Bitcoin whale awakens
An ancient address holding millions of dollars in Bitcoin suddenly reactivated yesterday after more than 14 years without any transactions. According to Galaxy Research, this Bitcoin address, which starts with "1EBz", first received Bitcoin on July 16, 2011, when the BTC price was below US$15. The address remained untouched until August 6, 2026 at 20:14 UTC, when a transaction transferred its entire balance to a new address.
Based on a price of approximately US$10 per coin in mid-2011, the purchase cost of these 49.97 bitcoins is approximately US$500. Today, at a price close to $65,000, the position is worth $3.23 million, an increase of 634,347%. This rate of return belongs exclusively to Bitcoin's early years, when the asset was a sparsely traded experiment, rather than today's $1.3 trillion market. Few holders can keep funds or private keys for so long.
According to Arkham Intelligence, the receiving address then transfers the funds to a wallet labeled FalconX. FalconX is a master broker serving trading institutions and financial institutions, not a retail exchange. This link does not confirm a sale, but it does increase the possibility that the person who controls the coins is either consolidating funds or moving them closer to where they can be sold or used as collateral.
This is not an isolated case. The awakening of sleeping old coins is a recurring theme in Bitcoin, and almost every similar change will cause waves.
As early as 2023, a Bitcoin whale from the Satoshi era transferred $11 million after 12 years of slumbering; another "ancient" position also changed its wallet after 12 years of silence. In 2024, nearly 50,000 bitcoins (worth $2 billion) that have not been moved since 2013 were transferred, which analysts attribute to a rebalancing by exchanges or custodians rather than a lucky early adopter. In 2025, the Bitcoin whale woke up many times and transferred billions of dollars.
In most cases, the destination of these transfers is to professional infrastructure rather than a sudden cash out by a private holder.
The indicator used by observers is "currency day destruction", also known as "Nakamoto Satoday". For every day that each coin remains immovable, it will accumulate a day of "age". When it is finally moved, these accumulated days are destroyed in one go. So for a single transfer from a 2011 wallet, each coin would be destroyed for more than 5400 days-a huge number that suggests an old balance was changing hands.
A large coin day destruction may mean that early adopters are taking profits or simply relocating coins for security or custody. The figure shows that a change has occurred but does not say why, which is why some traders take it into account and expect prices may fall if holders cash in on profits.
As of Friday, these bitcoins were still in the receiving address.
