A long-dormant cryptocurrency wallet containing millions of dollars worth of Bitcoin (BTC) has suddenly started moving. After being inactive for over 12 years, the wallet sent 159 BTC worth about $11.75 million. The wallet first received 759 bitcoins in September 2012, worth a total of $7,974, indicating an average price of $10.50 for the coins.
The wallet currently holds 590 BTC worth about $40.9 million. Other long-dormant “whale” wallets have also been moving recently, including one that sent all 20 bitcoins to another wallet after more than 13 years and another that moved 14 bitcoins for a gain of more than 157.343% after more than 11 years.
In addition to the movements of dormant “whale” wallets, new “whale” wallets have been accumulating Bitcoin recently, holding 9.3% of the total BTC supply, which is worth around $132 billion.
