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Time of India

Crypto legend Roger Ver resurfaces? Dormant whale may have just moved $8.6 billion in Bitcoin after 14 years

Something big just happened in the crypto world, after lying quiet for 14 years, a crypto whale, someone who is an early adopter holding a huge amount of Bitcoin, suddenly moved $8.6 billion worth of coins in just one day, as per a report. Many in the crypto community believe this mysterious whale could be Roger Ver , one of the earliest investors of Bitcoin, according to a Tom's Hardware report. Crypto Whale Awakens: $8.6 Billion in Bitcoin Moves After 14 Years Eight Bitcoin wallets, each holding 10,000 BTC, transferred their holdings as of July 5, totalling 80,000 Bitcoins, as per the Tom's Hardware report. These wallets date all the way back to Bitcoin's early days between 2009 and 2011, when the cryptocurrency was still new and worth only pennies, according to the report. Back then, whoever owned these coins invested less than $210,000, and now those coins are worth over $8.6 billion, as reported by Tom's Hardware. According to the report, the previous biggest Bitcoin transaction was just 3,700 BTC, and this new movement of 10,000 BTC at once broke that record by a huge margin. ALSO READ: Meet Scott Ruskan: The Coast Guard hero who saved 165 lives during the Texas floods Speculation Points to Roger Ver Crypto analyst Arkham pointed out that all these wallets belong to the same person, but no one knows exactly who, but speculation is growing that it could be Roger Ver, as that's what @SaniExp on social media X claims with "99%" assurance, as per Tom's Hardware report. A few even speculated that he executed the "sale" as part of a potential plea deal with the US government, as he is wanted in the United States on tax fraud charges and, earlier this year, appealed to US President Donald Trump for a pardon to avoid extradition, as reported by Tom's Hardware. Live Events A 14-Million Percent Return The movement had started around early Friday, when two wallets that had been inactive for 14 years suddenly transferred 10,000 BTC each to new addresses, as reported by Tom's Hardware. The original wallets date back to April 3, 2011, when they initially received a large amount of Bitcoin, when one Bitcoin was valued at only 78 cents, so that means 10,000 BTC would be worth $7,800, which is almost a 14 million percent jump, according to the report. ALSO READ: AI stocks could crash like Dot-Coms, says Wall Street veteran — suggests these safer bets instead Then after eight hours, six more wallets from the same era, with each containing 10,000 BTC, were moved without any prior test transactions, reported Tom's Hardware. These holdings were from May 4, 2011, when Bitcoin had increased to $3.25, so totally, these eight wallets add up to 80,000 Bitcoin, and the entire stash is believed to have been held by the mysterious whale, according to the report. FAQs Could Roger Ver really be the whale? It's unconfirmed, but some crypto analysts and social media users believe he's the most likely candidate. Why would Ver move the Bitcoin now? Some speculate it could be related to his legal troubles, possibly tied to a deal or to protect his assets.