Dormant Bitcoin Whale Transfers Massive $408 Million to New Address

A dormant Bitcoin wallet, previously inactive for three years, has made a significant move. The address transferred 3,500 BTC, worth approximately $408 million, to a new wallet in the last ten hours. This transfer comes after the same account withdrew 3,500 BTC from a centralized exchange three years ago, when the value was roughly $103 million, at an average price of $29,620 per Bitcoin.