One bitcoin whale has woken up after more than 10 years of inactivity.
It transferred more than 1,400 coins to a new address.
A wallet holding a large bitcoin sum transferred its 1,432.93 bitcoins — worth $37.8 million — to a new address after more than 10 years of inactivity.
The address initially received bitcoin on April 9, 2013, when the price was only $195.40 per coin, on-chain analyst Lookonchain noted.
This latest transfer follows a slew of similar movements over recent months.
On April 24, a bitcoin whale address that hadn't been active for 12 years transferred nearly $11 million in #bitcoin to another address. That movement came only days after another whale address transferred nearly $61 million in bitcoin after nine years of inactivity and a separate wallet transferred 279 bitcoins after ten years.
Also on April 24, an #Ethereum address that participated in the project's initial coin offering woke up after 7.7 years of dormancy and transferred a single ether.
source: theblock
image source: AI
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