A 'whale' holding a massive amount of BTC mined from the early days of the Bitcoin network has been continuously transferring funds out of its wallet after many years of dormancy.

On October 14, blockchain data analytics firm Arkham Intelligence reported that the wallet "Ancient Bitcoin Whale" "3Gvx...fcGq" transferred an additional 630,000 USD worth of Bitcoin (BTC) to the Kraken exchange. Over the past two months, this wallet has transferred a total of 5.47 million USD worth of Bitcoin out of its account.

Blockchain data shows that the wallet "3Gvx...fcGq" currently holds 1,139 BTC, equivalent to 75 million USD at current prices. This wallet mined Bitcoin just 5 days after the first block on the Bitcoin network (Genesis Block) was created.

In the cryptocurrency market, wallets with over 1,000 BTC are referred to as whale wallets. Meanwhile, accounts created from the early days are considered ancient wallets.

The wallet address "3Gvx...fcGq" was created 16 years ago and last active on January 13, 2009, making it one of the oldest Bitcoin wallets.

Notably, after transferring 5.47 million USD to the exchange, this wallet continued to transfer the remaining 1,127 BTC to a new address. Analysts suggest that ancient Bitcoin wallets rarely move funds out of their accounts. It is possible that the holders want to take profits after a long wait.

Each time a whale wallet awakens, the community witnesses significant turmoil. When a large amount of BTC is brought to market, it not only affects supply and demand but also creates speculation, impacting overall sentiment.

On October 3, another whale wallet transferred 10 BTC, worth 610,000 USD, to Kraken.