According to recent data from blockchain monitoring platform Lookonchain, an ancient Bitcoin whale address became active again on February 2 after years of dormancy, sparking widespread interest across the industry.
Major Movement After Years of Silence
The whale address, identified as 「1NY5Kh」, transferred all 2,819 BTC it held in one transaction after remaining inactive for exactly eight years. The transfer is valued at approximately $213 million at current prices.
Transaction Patterns Fuel Speculation
- 1,500 BTC was sent to Paxos, worth around $114 million
- The remaining funds’ destination is still under analysis, prompting market speculation
This movement has triggered extensive discussions within the crypto community regarding the whale's intentions, with some analysts suggesting it could signal asset reallocation or strategic preparation for potential market shifts.