Bitcoin whale rouses after 12 years, moves nearly $11 million in latest awakening

A dormant bitcoin whale address, which hasn't been active for 12 years, transferred nearly $11 million in bitcoin

The address in question sent 400 bitcoins in batches of 100 to another address with a cumulative U.S. dollar value of $10.9 million. The transfer transaction fee came to 19 thousand satoshis, or $5.22, according to on-chain data.

The wallet had been dormant since 2011, when it added 900 and then 100 bitcoin worth around $4,300 and $480 at the time, respectively, according to on-chain data via BitInfoCharts.

Today's awoken whale follows a recent trend of long-dormant wallets springing back to life.

Wake up call

On Thurday, a bitcoin whale address that had been dormant for over nine years transferred 2,071.5 BTC ($60.7 million) out. A day later, another whale awoke after a decade of inactivity, transferring 279 bitcoins — worth $7.8 million — to three fresh addresses.

The wake-up isn't limited to Bitcoin, a long-dormant Ethereum address that participated in the blockchain's initial coin offering, or ICO, awoke after over seven years today. The wallet transferred one ether to a new address.

UPDATE: the transaction fee was 19,000 satoshis.