A long-dormant bitcoin whale transferred 279 bitcoins, currently worth $7.8 million, to three new addresses after being inactive for a decade. The wallet received 1,128 bitcoins in 2012 and 2013 when the price of Bitcoin was approximately $12 and $195 per coin, respectively. This follows another transfer by a different long-dormant whale who transferred 2,071.5 BTC worth $60.7 million after nine years of inactivity. The transfers have sparked speculation among on-chain analysts and cryptocurrency enthusiasts regarding the identity and motives of the whales, as well as the potential impact on the cryptocurrency market.

(By Adam James)