A Bitcoin wallet holding 4,581.94 BTC since March 2020, initially worth about $40.5 million, transferred its entire balance—now worth approximately $377 million—to five new addresses in a single transaction on October 12. The move, confirmed on the blockchain, involved minimal fees and the new addresses have not yet spent any coins. This wallet has endured multiple market shocks, including the COVID-19 crash and major crypto collapses, growing nearly tenfold in value. While large Bitcoin holders often move coins for privacy or safety, such transfers can also hint at potential selling, though the exact intent here remains unknown.
The Bitcoin whale moving $377 million provides context for cryptocurrency market activity. For readers following crypto, here is Pluang's market snapshot as of Oct 14, 2026 02:03 WIB: Of 50 major cryptocurrencies, 19 rose and 30 fell. EOS rose 8.13% to Rp12.649 with a typical hold time of 87 days. AXS fell 4.83% to Rp20.440 with 94% sell order activity. KSM dropped 4.72% to Rp83.560 with 90% sell order activity.
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