Two Mysterious BTC Whales Who Bought Bitcoin Below $1,000 Have Woken Up – Here’s What We Know

Earlier today, two long-dormant Bitcoin whales transferred 3,422 BTC worth a total of approximately $324.2 million, marking one of the largest inactive wallet movements in recent years.Neither wallet had made any transactions since 2014. At the time, the price of Bitcoin was well below $1,000, so the transfers were remarkable in terms of both quantity and timing.The identity of the wallet owners and the reason for the transfers are currently unknown, and it is also unclear whether the two wallets belong to the same person or whether they are related in any way.Related News: Will the US Buy Bitcoin? Is the Altcoin Season Coming? Billionaire Crypto Bull Arthur Hayes AnswersAccording to data from on-chain analytics platform Spot On Chain, one of these movements came from a wallet named “1NWPS” that has been dormant for 10.5 years. This wallet alone moved 2,343 BTC (about $222.2 million). The other transfer took place from a wallet named “1PiEK” that has been dormant for 11.75 years, and transferred 1,079 BTC (about $102.5 million).This unusual whale movement also coincides with the recent increase in general whale activity. According to research published by CryptoQuant in April 2025, a total of 62,800 BTC older than seven years were transferred in the first three months of 2025. This figure is 110% more than the same period in 2024.*This is not investment advice. Continue Reading: Two Mysterious BTC Whales Who Bought Bitcoin Below $1,000 Have Woken Up – Here’s What We Know