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Bitcoin Whale Moves 500 BTC ($40.6M) After 12-Year Dormancy on Sunday

GateNews
bitcoin news
BTC-0.79%

According to Arkham onchain data, a bitcoin whale moved 500 BTC worth $40.6 million from address “1KAA8…d882j” to “bc1qm…hjrxy” on Sunday, May 11 at 3:16 p.m. ET. The bitcoin had remained inactive in the original address since November 27, 2013. During the 12-year holding period, the 500 BTC appreciated from approximately $457,070 to $40.6 million, representing an 89-fold increase in value.

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In-Depth Analysis

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