A long-dormant bitcoin wallet transferred approximately $40 million worth of BTC on Sunday to a new address. The move comes as the cryptocurrency trades near $80,700. Blockchain data shows the coins had remained untouched since November 2013.
The transfer took place at around 19:16 UTC, according to blockchain tracking service Whale Alert. Funds moved from address 1KAA8GGhVjjUjVTz1HKAjCyGNzAKQd882j to bc1qm6m6d33d02edr0k8yj9jgt027zl6dvx6thjrxy. The destination wallet is not linked to any known exchange.