Dormant Whale Wallet Moves $40M in Bitcoin After 12 Years of Silence

An early Bitcoin investor (1KAA8G) has transferred 500 Bitcoin to an unknown wallet after more than 12 years of inactivity, according to blockchain analytics firm Lookonchain.

The coins were originally acquired when Bitcoin traded near $914. The transfer is now valued at about $40.62 million, representing an estimated profit of approximately $40.17 million—an 88x gain.

Source: Lookonchain