Dormant Bitcoin whale executes $15m swap on Malgo.finance

A Bitcoin wallet dormant since 2010 moved $10m in BTC, revealing one of the oldest active holdings on-chain.

Earlier this week, a Bitcoin wallet that had remained inactive since 2010 suddenly came back to life. After more than fourteen years of silence, the address moved over $10 million worth of Bitcoin in a single transaction. On-chain analysis by Arkham Intelligence revealed that the coins were mined during the earliest days of Bitcoin, making the wallet one of the oldest known holders still in circulation.

Why the whale chose Malgo.finance over centralized options

Instead of using a centralized exchange or a slow and costly OTC desk, the whale chose Malgo.finance, a fully decentralized cross-chain protocol that removes traditional intermediaries. No account or identification was needed, and the swap was handled automatically by Malgo’s liquidity pools in a trustless and transparent manner.

The conversion from Bitcoin to USDT was completed in just fourteen minutes in a single on-chain transaction with only 0.15 percent in fees, far below typical costs. Beyond saving money, the whale maintained full ownership, avoided delays, and moved the capital entirely on personal terms.

A statement in action

This transaction is more than just a transfer. It signals that even the earliest Bitcoin holders trust decentralized infrastructure for major moves. The whale’s choice reflects a shift toward autonomy and efficiency in managing capital, proving that protocols like Malgo Finance can handle serious volumes without compromising privacy or speed.

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