 
 
A dormant Bitcoin (BTC) wallet address holding around 400.08 BTC — worth $44.29 million at current prices — has suddenly awoken after a 12-year slumber to transfer its hoard.
Data from Arkham Intelligence reveals that the wallet labeled “1ArUG…zwaWT” moved the entire holdings to several addresses on Sunday, in equal batches of 15 BTC.
On-chain analytics platform Lookonchain stated on Sept. 29 that the long-dormant address obtained the 400.08 BTC haul from miners 15 years ago.
During the 12 years the unknown whale remained dormant, BTC’s price soared roughly 830 times, jumping from approximately $135 to $112,360 as of publication time.
The movement of funds from very old wallets often sparks curiosity among the crypto community, particularly when the BTC in their wallets has not moved for a number of years. As of this writing, the reason for the transfers remains unknown, as does the identity of the wallet’s owner.
 
More Mysterious Whale Movements
Countless long-dormant wallets have been activated in recent months, transferring their BTC holdings to a new address as the price of Bitcoin reached new all-time highs. Some of these wallets were also found to have sent their BTC stashes to centralized crypto exchanges, signaling they might be looking to take profits after many years of HODLing.
In July, a whale who mined the premier crypto during the earliest days of the industry — sold off over 80,000 BTC, worth around $9 billion, via Galaxy Digital as part of the unknown individual’s estate planning strategy.
Another ancient multi-billionaire Bitcoin whale conducted a massive rotation earlier this month, transferring funds from BTC to ETH, accumulating roughly $4 billion in Ether from an initial stash of over $5 billion in Bitcoin.
And most recently, a different Bitcoin address reawakened on Sept. 17 to move 1,000 BTC, worth roughly $116.6 million, for the first time after 12 years of hibernation.
Source: https://zycrypto.com/sleeping-bitcoin-wallet-holding-over-44-million-stirs-after-12-years/