A long-inactive Bitcoin address transferred 500 BTC, now valued at $40.6 million, following over a decade of dormancy.
A Bitcoin whale address reactivated on Sunday, transferring 500 BTC worth $40.6 million at 15:16 ET. The coins had remained untouched since November 27, 2013, when their value was approximately $457,070.
The original holding appreciated roughly 89 times over the 12-year period. The transaction involved the address “1KAA8…d882j” sending funds to “bc1qm…hjrxy.”
No immediate market reaction was observed following the transfer.