420 Bitcoin tokens were just moved amid the struggling markets after being dormant for ten years.

A whale has moved up to 420 previously dormant Bitcoin (BTC) tokens valued at $7.1 million against prevalent rates. Bitcoins had been unmoved since 2012 when BTC traded below the $15 price point. After HODLing through several price tops and bottoms for ten years, the wallet involved has finally reawakened the assets.

A few hours ago, verified CryptoQuant author and founder of Diveonchain, Maartunn, first highlighted the development. “10-year-old 400 $BTC moved today. Last time they moved in 2012,” Maartunn disclosed in a tweet Thursday, sharing a chart of the CryptoQuant Bitcoin Spent Output Age Bands to corroborate his report.

A close look at the Bitcoin Spent Output Age Bands chart reveals that the network witnessed a movement of about 420.40 BTC on December 1 after ten years. The reason behind this enigmatic movement remains largely unknown, but more often than not, ancient HODLers reawaken their tokens after such a long time when it’s time to sell them off. Consequently, this has precipitated selloff concerns.

(By Albert Brown)