cryptocurrency wallet

A cryptocurrency wallet that had been dormant since the end of March 2013 — has finally sprung to life. On Friday, August 1st, 306 bitcoins, worth over $35 million, were transferred from this wallet to two others.

 Back in 2013, the owner spent around $23,700 to purchase these 306 BTC. This means the value of the assets has increased by 1500 times.

The major bitcoin holder split the transfer into two transactions: 200 BTC went to one wallet, and 106 BTC to another. Neither of the receiving wallets had any transaction history, and the owners remain unknown.

This isn't the first large transfer in recent times: on July 23rd, BTC worth $1.26 billion was moved through wallets tied to a "whale" after years of inactivity. On July 24th, bitcoins worth $460 million were transferred from a wallet that hadn't been active since 2011.

Crypto analysts believe that the increased activity among "whales" is due to their desire to lock in profits while Bitcoin was trading around $120,000.

 At the time of writing, Bitcoin had slightly dropped to the range of $113,000. In the last 24 hours, it decreased by 3.2%, and in the past week, by 2%.