A Bitcoin OG wallet just moved all 600 $BTC ($51.28M) after over 14 years of inactivity! The wallet received 600 $BTC ($4.8K at the time) 14 years ago, when $BTC was trading at just $8. It's now sitting on a $51.28M unrealized profit — a 10,683x return! https://t.co/kpJ0OdRNBx
Why now
Thesis: Old coins moving raises sell pressure
Catalyst to watch: Whether coins hit exchanges
Main risk: Move may be custody only
Why it matters
A dormant 14-year wallet moving 600 BTC could signal an eventual sale, adding supply overhang.
Details
A Bitcoin OG wallet just moved all 600 $BTC ($51.28M) after over 14 years of inactivity! The wallet received 600 $BTC ($4.8K at the time) 14 years ago, when $BTC was trading at just $8. It's now sitting on a $51.28M unrealized profit — a 10,683x return! https://t.co/kpJ0OdRNBx https://t.co/uVyRCQxHDG
Sources
- x · 2026-09-22 08:15 UTC