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via The Block · By The Block Editorial

Bitcoin whale address moves $41 million in BTC after 12-year dormancy: onchain data

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The Block Editorial

(01:05 AM UTC)

1 min read

Reviewed byDavid Kim

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A bitcoin (BTC) whale address moved $40.6 million worth of BTC to a new address after 12 years of inactivity.

According to Arkham's onchain data, the whale moved 500 BTC from address "1KAA8…d882j" to "bc1qm…hjrxy" at around 3:16 p.m. on Sunday, ET. The bitcoin has been sitting in the former address since Nov. 27, 2013.

When the owner first received the bitcoin, 500 BTC was worth roughly…

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