According to COINOTAG News on August 23 and on-chain monitoring by LookIntoChain, a Bitcoin whale address that had been dormant for three years transferred 3,500 BTC (approximately $408 million) to a new address roughly 10 hours ago, a notable on-chain whale movement flagged by analytics platforms.

Historical records indicate the same address withdrew the 3,500 BTC from Gemini three years prior, when the aggregate value was about $103 million, implying an average withdrawal price near $29,620.

Based on these documented figures, the position now reflects a realized/unrealized uplift of roughly $305 million (+294%) compared with the original withdrawal value; market participants and on-chain analysts will continue to monitor further transaction activity for verified developments.