A six-year-dormant bitcoin wallet just moved $378 million. The coins haven't gone anywhere else yet.
An OG bitcoin wallet dormant since March 2020 moved 4,582 BTC — about $377.6 million — on Monday, with the coins still sitting in five recipient addresses rather than hitting an exchange.
A long-dormant bitcoin wallet shifted roughly 4,582 BTC — about $377.6 million — on Monday, October 12, after sitting untouched for more than six years, according to on-chain tracker Lookonchain, which cited Arkham data in reporting relayed by The Block.
The wallet, labeled "18Vm…VpQ9x," first received those 4,582 BTC in March 2020, when they were worth roughly $40.8 million. At Monday's prices the same stack is worth more than nine times that. Lookonchain says the coins were split across five addresses, and — this is the part worth holding onto — the funds remain in those recipient addresses. No exchange deposit, no sale, has been reported.
It is not the only old wallet to stir. The Block, again citing Lookonchain, notes that last week a separate whale ("bc1q…nhj0") moved 4,500 BTC — about $375.7 million — after more than four years of inactivity.
The movements landed during a soft stretch for bitcoin. The Block's price page had BTC at $83,245 as of 11:50 p.m. ET Monday, down 0.4% on the day, after a dip to a local low near $81,220 earlier that evening.
Key facts
- 4,582 BTC (~$377.6M) moved Monday from wallet "18Vm…VpQ9x" to five addresses; coins still held there — Lookonchain, citing Arkham, via The Block
- Wallet first received that 4,582 BTC in March 2020, then worth ~$40.8M — Lookonchain / Arkham, via The Block
- 4,500 BTC (~$375.7M) moved last week from a separate 4-year-dormant wallet — Lookonchain, via The Block
- BTC $83,245, down 0.4% on the day; local low ~$81,220 — The Block BTC price page, 11:50 p.m. ET Oct. 12
- QCP Capital's Q4 base case: BTC $80,000–$90,000 — QCP Capital, via The Block
The real-world read
A wallet "waking up" is reliably written as an omen — old coins moving, brace for a dump. The on-chain record doesn't support that leap here. All that is verified is that coins moved between addresses the same owner appears to control; they're sitting in the recipient wallets, not on an exchange. Moving coins is not selling them, and there is no public evidence tying this to the day's price softness. Treat any "whale is about to sell" framing as narrative, not data.
Two caveats on the facts themselves. Wallet identity and dormancy come from Arkham's labeling via Lookonchain — attribution tools that are usually reliable but are inference, not confirmation; the owner is unnamed and unconfirmed. And the d'Anethan and QCP comments are read-throughs on the market backdrop, not on this wallet — QCP's $80k–$90k call is one firm's forecast, not a fact about where price is headed.
This is news coverage, not financial advice.
Sources
- The Block (reputable secondary) — the wallet movement, BTC price and intraday low, the prior week's whale transfer, and analyst/forecast comments; itself relied on Lookonchain citing Arkham on-chain data for the wallet claims. No sponsored or marketing material was used.