A long-dormant Bitcoin wallet, which held a significant sum of 1,432.93 bitcoins valued at $37.8 million, has recently transferred its funds to a new address.
This move comes after more than a decade of inactivity, attracting attention within the cryptocurrency community.
The wallet first received bitcoin back in April 2013, when the price per coin was a mere $195.40, as observed by on-chain analyst Lookonchain.
This transfer is part of a series of similar movements witnessed in recent months, involving other long-idle addresses in the cryptocurrency space.
Dormant wallet transfers $37.8 million worth of Bitcoin. After remaining inactive for over 10 years, a wallet containing a substantial amount of 1,432.93 bitcoins recently initiated a transfer to a new address.
The total value of the transferred bitcoins amounts to an impressive $37.8 million, catching the attention of cryptocurrency enthusiasts and analysts alike.
The dormant wallet initially received bitcoin on April 9, 2013, when the price per coin was a modest $195.40. $BTC #Bitcoin
