A long-dormant Bitcoin (CRYPTO: BTC) whale has resurfaced after more than 14 years of inactivity, moving a whopping $469.8 million in Bitcoin, as per recent on-chain data.
What Happened: A dormant Bitcoin whale wallet sprung back into action after an approximately 14.5-year hiatus.
Blockchain tracking platform Lookonchain disclosed that the whale moved Bitcoin valued at nearly $469.8 million, having been inactive since its last transaction on January 15, 2011.
During this period, the price of Bitcoin soared from about $0.393 to $118,561, marking a remarkable gain of at least 30,168,093%. The whale had accumulated the Bitcoin over two days starting on January 13, 2011.