A previously dormant wallet made a significant transfer of 8,000 BTC (valued at $535.64 million) to Binance just 40 minutes ago.
The wallet address is 1FMbcnYvvccZ6hR324cFRpn1QX9TCkqtAe.
This wallet received the 8,000 BTC on December 6, 2018, when the price of BTC was $3,810.
After remaining inactive for 5.5 years, the wallet moved the entire balance to Binance.
This transaction highlights a substantial movement of BTC by a long-term holder, potentially signaling a major market activity.
