Two Bitcoin wallets that have been dormant for over a decade have suddenly become active, transferring a combined $60.9 million worth of BTC.
Awakening of the Giants
On September 12th, 2013, two wallets received 500 BTC each, when the cryptocurrency was worth $124 per coin. After remaining untouched for over 10 years, both wallets emptied their holdings over a 20-minute period this weekend.
Destination Unknown
The Bitcoin was sent to two newly created wallets. One still holds 500 BTC, while the other has distributed its funds through a series of other new wallets.
Whale Activity
This movement of funds highlights the growing activity of “newer crypto whales,” investors who hold significant amounts of BTC with a shorter average holding period. According to CryptoQuant, these whales have accumulated almost double the amount of BTC as long-term holders.
Bitcoin’s Performance
At the time of writing, Bitcoin is trading at $62,568, up nearly 2% in the past 24 hours. The cryptocurrency remains the top-ranked digital asset by market capitalization.
