A small group of Bitcoin miners who have been inactive for over a decade suddenly moved more than $7 million worth of BTC, as per on-chain data analysis.

According to Lookonchain, four miner addresses each received 25 BTC from mining in 2013. After lying dormant for 11 years, these miners collectively transferred the 100 BTC this week, following the surge in price of the leading cryptocurrency, which now stands at $71,079.

Additionally, Lookonchain observed a new wallet funded by Coinbase that made a significant purchase of the memecoin GME, inspired by Gamestop stock. The wallet spent $2 million to acquire 135 million GME at $0.0148, making them the fourth largest holder of GME. Quite a remarkable move!

The memecoin SOL, based on Solana, is currently trading at $0.00933, down over 35% in the last 24 hours but up nearly 130% in the past week.

Meanwhile, the original GME on the New York Stock Exchange, known for its meteoric rise in 2021 that led to significant losses for hedge funds, saw a 50% surge on Monday, rising from $22.91 to $40.08. However, it has since retraced and closed at $26.50 by the end of Tuesday’s trading session.

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