Bitcoin whale moves $37 million after ten years of inactivity

An unknown address transferred 1,432.93 BTC (~$37.8 million at the time of the transaction) to another wallet after ten years of dormancy.

A BTC whale that has been dormant for 10.2 years transferred all 1,432.93 $BTC($37.8M) to a new address”bc1psv” 5 mins ago.

The whale received 1,432.92 $BTC on Apr 9, 2013, when the price was $195.4.https://t.co/17R0UqEBKC pic.twitter.com/e0LkSfn5t3

— Lookonchain (@lookonchain) June 8, 2023

According to Lookonchain, the investor first bought cryptocurrency on April 9, 2013 at an average price of $195 per coin.

Bitcoin was trading at $26,471 at the time of writing. Over the past 24 hours the asset rose 1.7%, according to CoinGecko.

In April an inactive user for 12 years moved 400 BTC, worth more than $11 million.

In the same month came into motion 278 BTC, which had been inactive for more than 10 years.

Earlier the investor sent 6,071 BTC after nine years of “dormancy”. The Telegram channel GFiSchannel suggested that the transactions could be linked to the original Mt. Gox founder and Ripple creator Jed McCaleb.

Earlier in February, nine-year dormant 2.04 million DOGE came into motion.

In March, three whales, at intervals of a few minutes, collectively transferred 244,148 ETH.