A bitcoin address that sat untouched for seven years moved 2,931 BTC worth $188 million to a new wallet on Sunday. Hours later, onchain analysts flagged a separate whale that has now converted 17,385 ETH, roughly $31 million, into 496.3 BTC.
Key Takeaways
A whale moved 2,931 BTC ($188M) on July 12 after seven years dormant; the coins were acquired near $6,513.EmberCN tracked a trader swapping 17,385 ETH, about $31M, into 496.3 BTC with ETH/ BTC near 0.0285.Dormant wallet awakenings have accelerated in 2026, with old addresses moving $69M and $127M in May.Analysts remain split on whether the wave reflects early adopters cashing out, repositioning into custody solutions, or simply housekeeping by holders sitting on enormous unrealized gains.
Another Whale Keeps Trading Ether for Bitcoin
