A Bitcoin whale address transferred 500 BTC, valued at approximately $40.6 million, after 12 years of inactivity, according to Arkham on-chain data. The transaction occurred around 15:16 ET on Sunday, with the funds moving from address "1KAA8…d882j" to "bc1qm…hjrxy". Originally stored since November 27, 2013, when valued at about $457,070, the BTC has appreciated nearly 89 times. The reason for the transfer remains unclear, though such movements often precede token sales for profit realization.
Bitcoin Whale Moves 500 BTC After 12-Year Dormancy
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