A significant Bitcoin stash that had remained untouched for over 13 years has suddenly been transferred. According to blockchain data, a whale moved a total of 50 BTC, equivalent to more than $1.2 million, to another wallet on Thursday.
The coins were originally mined in June 2010 and had remained dormant ever since.
The sudden movement of previously untouched Bitcoin has become a recent trend.
In April, another holder who had refrained from accessing their coins for a decade moved an impressive $7.8 million worth of Bitcoin to new wallets.
Shortly after, another long-term investor or investors transferred $11 million worth of the digital currency after 11 years of inactivity. These events have sparked interest in the activities of Bitcoin “whales,” referring to investors who accumulate substantial amounts of cryptocurrency, often opting not to touch their holdings for extended periods.
It remains unclear from blockchain data whether these whales are individuals, companies, or other entities.
