After a prolonged period of dormancy, a prominent crypto investor, known as a “whale,” has recently come back to activity by transferring a significant sum of Bitcoin (BTC) to Binance, the leading cryptocurrency exchange globally in terms of trading volume.

Fresh data from the analytics company Lookonchain uncovered a crypto mining wallet that had been inactive for 14 years, suddenly coming to life and sending 50 BTC, valued at approximately $3.05 million at the current market rate, to Binance on June 26th.

As per the analysis by the crypto insights platform, this miner had acquired these coins back in July 2010 when Bitcoin’s value was below $1.

“An erstwhile dormant miner’s wallet has awakened after 14 years and has transferred 50 BTC ($3.05 million) to Binance just seven hours ago. This stash of 50 BTC was mined on July 14, 2010.

Address: 1PDTDwpgRPdQaCcp3Th6zaMASgcCcm3Jcm”

Source: Lookonchain/X

Earlier in May this year, Lookonchain detected two wallets, untouched since 2013, making substantial movements worth millions in BTC.

During that period, Lookonchain observed affluent investors shifting a total of $61 million in Bitcoin, purchased 11 years ago at a rate of $124 per token. The on-chain statistics indicated an astounding increase of nearly 50,000% in gains for these wallets.

Currently, the primary cryptocurrency by market capitalization is priced at $61,630, showing a slight uptick in the past 24 hours.

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Featured Image: Shutterstock/Tithi Luadthong