Bitcoin whale wakes up after 12 years to move 500 BTC

  • In fiat money, the profit obtained by the whale is 40 million dollars.

  • These movements usually precede bitcoin sales by the whale.

On May 10, 2026, a bitcoin (BTC) whale reactivated an address that had been inactive since November 2013 and moved 500 BTC to a new wallet.

The funds, originally worth less than half a million dollars, today they are equivalent to about 40.6 million.

On-chain data shows that funds they came out from the address 1KAA8GGhVjjUjVTz1HKAjCyGNzAKQd882j to a new wallet identified as bc1qm…hjrxy.

As Criptopedia, the educational section of CriptoNoticias, explains, a whale is a large holder of digital assets (in the case of bitcoin, it is an address with more than 1,000 BTC) whose operations can affect the market due to the volume they handle. Therefore, their movements are usually closely monitored by analysts and investors.

Bitcoins remained stationary since November 27, 2013. At that time, The 500 BTC were worth approximately $457,000, as the asset was trading close to $900 per unit.

Since then, the price of the digital asset has multiplied nearly 90 times. At the moment, BTC is trading above $80,900:

Chart showing the price of bitcoin from 2013 to May 11, 2026. Chart showing the price of bitcoin from 2013 to May 11, 2026.
Bitcoin price from 2013 to May 11, 2026. Source: TradingView.

Reactivations of old wallets usually generate speculation among operators and investors, especially in contexts of volatility or price recovery.

It is that this type of movements, in general, It is usually followed by profit-taking sales. However, not all transfers of this type necessarily end in sales: they can also respond to security changes or a redistribution of funds between wallets controlled by the same user.

In the last year, with the increases that bitcoin has had, CriptoNoticias reported several movements of whales taking their coins to exchanges to exchange them for fiat money. In November 2025, this information portal cited several specialists who mentioned a rotation of capital from old whales to new investors entering the market.

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