A Bitcoin wallet that had been dormant for more than 10 years recently came back to life, moving a whopping $325 million in BTC. Perhaps unsurprisingly, the movement of such a large amount from an address long considered dormant has ignited spirited debate. The entire cryptocurrency community is vibrating with speculation over this unexpected bombshell.

That means that this wallet probably purchased its Bitcoin in mid-2013. During that period, it spent roughly $91,713, averaging an effective price of around $85 per coin. The recent transaction was the first in over a decade for the wallet.

Intrigue grew further when another wallet, dormant for more than 11 years, was activated. It moved a jaw-dropping 1,079 BTC — about $102.5 million today’s prices. Given reports state that this address purchased 2,187 BTC in July 2013. They paid $85 for each coin—so their total payout was around $185,850!

The recent activity is not isolated. Wallets, some of which date back to the earliest days of Bitcoin, have started becoming very active in 2024.

The deal has raised more questions than answers, sparking a wave of speculation throughout the crypto ecosystem. The community is wondering about the identities and motives of these "whales," as well as the potential market impact of such large-scale movements.

The reason for the sudden move in these wallets is still unknown, but different people have shared their different takes on the matter.

The identity of these whales and their reasons for moving such significant amounts of Bitcoin after prolonged dormancy remain a mystery.