Bitcoin whale address moves $41 million in BTC after 12-year dormancy: onchain data
The Block
A dormant Bitcoin whale address transferred 500 BTC, worth approximately $40.6 million, for the first time in 12 years.Summary
A long-dormant Bitcoin address transferred 500 BTC, valued at $40.6 million, to a new wallet after 12 years of inactivity. On-chain data from Arkham reveals the holdings were originally valued at roughly $457,070 in 2013, representing an approximate 89-fold increase in value. While the motive for the movement remains unknown, such transfers by long-term holders often precede profit-taking events, particularly during periods of positive price performance for Bitcoin.
(Source：The Block)