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Bitcoin whale transfers $377.6 million after more than six years dormant
Onchain data cited by The Block shows the wallet received 4,582 BTC in March 2020, when the holdings were worth about $40.8 million.
A dormant Bitcoin wallet moved about 4,582 BTC, worth $377.6 million, after remaining inactive for more than six years, according to onchain data cited by The Block.
The wallet, identified as “18Vm…VpQ9x,” originally received 4,582 BTC in March 2020, when the holdings were worth roughly $40.8 million, and the transferred funds were sent to five recipient addresses, where they remain.
The Block also noted a separate whale address, “bc1q…nhj0,” transferred 4,500 BTC, worth $375.7 million, to an address after more than four years of inactivity.
At the time of the update, Bitcoin was down 0.4% over the past 24 hours to $83,245, according to the outlet.
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