Crypto
Dormant Whale Awakens, Moving $5.4M in 13-Year-Old Bitcoin Wallet
A 13-year-old Bitcoin address has come back to life, moving $5.4 million in BTC.
The dormant wallet, which had been inactive since 2011, suddenly transferred 85 BTC to a new wallet at block height 962,114.
This 'whale' movement has sparked market speculation, with some wondering whether the holder intends to sell or consolidate funds.
The address originally acquired the coins in 2011 when Bitcoin was trading at around $13 per coin, resulting in a staggering return of approximately 475,056%.