A long-dormant bitcoin wallet became active late Monday, transferring 909 BTC — now worth more than $84 million — after more than 12 years of inactivity.
Blockchain data tracked by Whale Alert and Lookonchain shows the funds were moved from the address “1A2hq…pZGZm” to a new wallet, “bc1qk…sxaeh.” The wallet first accumulated bitcoin in 2013, when prices were below $7, leaving the holder with unrealized gains of over 13,000%.
The transaction fits a pattern seen since bitcoin climbed past $100,000 last year, prompting long-inactive wallets holding large paper profits to re-emerge.
Such moves often spark speculation about potential profit-taking that could pressure bitcoin prices. However, there is no indication the coins have been sent to exchanges.
Instead, the transfer may reflect a consolidation or security-related move, with the bitcoin remaining in a newly created address rather than being prepared for sale.
