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On 1st March 2025, a long-dormant Bitcoin whale wallet, last seen in 2016, made a 3,000 BTC transfer, worth more than $250 million, sending crypto rumors into overdrive. The whale wallet, having accumulated Bitcoins at times when they traded under $1,000, watched as its initial investment of $3 million grew incredibly.
The twin batches of transactions, interpreted to imply asset readjustment over an imminent sale, went to dispel dumping fears and helped to steady Bitcoin's price.
The event is part of a trend of wallets that have been dormant for a long time becoming active as Bitcoin approaches historic highs, suggesting early holders may be reconsidering their position to implement futures or options strategies. The movement supports Bitcoin's narrative as a long-term store of value and the evidence of continued interest from new investors and veteran investors alike.
