A long-dormant Bitcoin whale has emerged from the shadows and begun selling. The wallet, tagged by Arkham as “5K BTC OG,” originally received 5,000 BTC in 2012 when the price was just $332, totaling only $1.66 million. Today, that stash is worth nearly half a billion dollars, and the entity has already cashed out half of it.
According to data from Lookonchain and Arkham, the wallet began offloading Dec. 4, 2024. Since then, it has sold 2,500 BTC in multiple transactions, earning about $265 million at an average exit price of $106,164.
Just hours ago, an additional 500 BTC was sent to Binance, valued at $47.77 million. This marks the latest wave of exits from this 12-year-old holder.