According to Arkham onchain data, a dormant bitcoin whale moved 500 BTC worth $40.6 million on Sunday, May 10, at 3:16 p.m. ET after 12 years of inactivity. The funds were transferred from address 1KAA8…d882j to bc1qm…hjrxy. The wallet had held the bitcoin unchanged since November 27, 2013, when the 500 BTC was worth approximately $457,070, representing an 89-fold increase in value over the holding period.
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