A Bitcoin whale transferred 730 BTC, worth approximately $46.12 million, to a new wallet after four years of complete on-chain inactivity. The original wallet had been accumulating bitcoin over a period of about seven years, including the 2020 COVID crash and the 2021 bull run, before going silent four years ago. The transaction was flagged by analytics platform Onchain Lens and amplified by The Block. No exchange deposit having been confirmed, this transfer appears to be a simple wallet reorganization rather than a selling intent. The move comes amid reported security concerns about a potential exploit affecting Coldcard hardware wallets, popular among long-term Bitcoin holders.
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