On Monday, two Bitcoin addresses, which had been dormant for more than 10 years, transferred nearly $325 million of Bitcoin. This unexpected move has fired up massive speculation on crypto-twitter. Bitcoin is on the move in a big way. This move comes at a time when the entire cryptocurrency market is experiencing a solid period, with Bitcoin consolidating around $94,000 to $95,000 after retreating from highs of $97,000.

On-chain tracker Spot On Chain first reported the transactions. As for the first whale, he transferred 2,343 BTC (~$222.2 million) after 10.5 years of inactivity to a new wallet. The second whale appeared on the scene more than 11 years later, moving 1,079 BTC — valued at around $102.5 million — at the end of last week.

When the transactions took place Bitcoin in trading was worth $94,445.59 with a 0.23% increase in the past 24 hours. After the two whales’ transactions, the cryptocurrency community is all abuzz with news and speculation.

These dormant wallets filled with billions of dollars worth of Bitcoin usually belong to early adopters or miners. Most of these newcomers didn’t buy Bitcoin at 30k, 40k, or 60k—all prices Bitcoin is trading near today. These early adopters or miners are one in the same as wallets that are considered dormant with large quantities of Bitcoin. In short, the recent price action is a confluence of a few key factors. This might be attributed to lost keys, change in ownership or longterm holders cashing out after HODLing for several years.

At 10.5 years of inactivity, one of the Bitcoin wallets this was transferred from had never been used. The other sleepy Bitcoin wallet hadn’t been touched in 11 years.