The owner of a cryptocurrency wallet dormant for 12 years has withdrawn approximately 400 BTC, valued at $44 million, according to analysts at Lookonchain.
A dormant wallet woke up after 12 years, moving 400.08 $BTC($44.29M) to multiple new wallets 3 hours ago.
The 400.08 $BTC was received from miners 15 years ago.https://t.co/aem7WhbkOu pic.twitter.com/3m4XSBNXFO
— Lookonchain (@lookonchain) September 29, 2025
According to Arkham, the funds were sent from the address to several wallets, mostly in batches of 15 BTC. Consequently, the user’s balance is now empty.
Analysts noted that the initial coins were received from miners about 15 years ago. The identity of the owner and the reasons for the transfer remain unknown.
During the 12-year “hibernation,” the price of Bitcoin rose from $135 to $122,149.
Lookonchain also reported on the actions of an Ethereum whale. Five months ago, the whale sold 1,857 ETH for $4.18 million at a price of $2,251.
Five months ago, whale 0xE37F sold 1,857 $ETH($4.18M) at $2,251.
Just ~50 minutes ago, he bought back 1,501 $ETH($6.17M) at a high price of $4,114.https://t.co/8mmMeyNBNy pic.twitter.com/F01cXLxYOi
— Lookonchain (@lookonchain) September 29, 2025
Recently, he repurchased 1,501 ETH, spending $6.17 million at a rate of $4,114.
Back in August, a whale that “woke up” after 12 years transferred 750 BTC to Binance.