A dormant Bitcoin wallet from 2012 has sold 2,500 BTC for roughly $265 million, with another 500 BTC already moved to Binance and 2,500 BTC still in reserve. The sale happened while the broader crypto market sits in Extreme Fear territory, and the digest headline's claims about a 4% SHIB jump and an XRP rebound do not hold up against current market data.
What to Know
- Verified: A wallet that acquired 5,000 BTC around $332 per coin in 2012 has sold half its holdings for about $265 million. The wallet still holds 2,500 BTC.
- Dated: The SHIB 4% jump cited in the original digest referred to a March 20, 2026 report. As of April 1, SHIB traded at $0.00000593, down 0.56% over 24 hours.
- Sentiment: The Fear and Greed Index printed 11, labeled Extreme Fear, even as BTC posted a 2.13% daily gain.
Dormant BTC Wallet Sold 2,500 BTC and Left Another 2,500 BTC in Reserve
Whale Alert reported that the wallet, tagged as "5K BTC OG," originally acquired 5,000 BTC in 2012 at roughly $332 per coin. The total cost basis for the full position was approximately $1.66 million.
Of the original 5,000 BTC, 2,500 have been sold at an average exit price near $106,164, yielding realized proceeds of about $265 million. An additional 500 BTC, worth roughly $47.8 million, moved to Binance, similar to the type of large exchange-bound transfers that have preceded BTC sell pressure in recent months.
The wallet still holds 2,500 BTC worth approximately $237.5 million. No readable public block-explorer transaction hash was recovered for the Binance-bound leg of this transfer, so that portion of the story rests on Whale Alert's reporting alone.
SHIB's 4% Jump and XRP's Rebound Setup Came From Separate, Dated Reports
The original digest headline stitches together multiple separate stories. The SHIB 4% price jump was reported by U.Today on March 20, 2026 alongside a claim about 199 billion SHIB in exchange flows. However, CoinGecko's April 1 market pull showed SHIB at $0.00000593, down 0.56% over the prior 24 hours.
The XRP "rebound" angle was based on analyst Ali Martinez's hourly TD Sequential buy signal, a technical-analysis opinion rather than a confirmed market-moving event. As of April 1, XRP traded at $1.34, up a modest 0.57% over 24 hours. Readers following XRP developments should note that the rebound call was a short-term technical setup, not a fundamental catalyst, distinguishing it from harder news like legislative developments or regulatory decisions that carry more structural weight.
Live Market Context: BTC Strength Meets Extreme Fear and a Clear Supply Watchpoint
Bitcoin traded at $68,169 as of April 1, up 2.13% over 24 hours, with a market cap of about $1.36 trillion and 24-hour volume near $59.35 billion.
Total crypto market capitalization stood at approximately $2.42 trillion, with Bitcoin dominance at 56.29%. Even with BTC posting a daily gain, the Fear and Greed Index reading of 11 placed sentiment firmly in Extreme Fear, a disconnect that often reflects uncertainty about broader market risks rather than immediate selling pressure.
The primary near-term watchpoint is whether the remaining 2,500 BTC from the dormant wallet moves to exchange venues. If additional coins follow the same Binance-bound path, that supply overhang could test the current price level. Traders monitoring on-chain flows should track the wallet for further activity.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.