A long-dormant crypto whale has emerged from years of inactivity to transfer millions of dollars’ worth of Bitcoin (BTC) to Binance, the world’s leading cryptocurrency exchange platform by trading volume.

Fresh data from Lookonchain, a market intelligence firm, indicates that a crypto mining wallet that had been dormant for 14 years suddenly stirred and deposited 50 BTC, valued at approximately $3.05 million at the current rate, into Binance on June 26th.

According to the analytics platform specializing in cryptocurrencies, these tokens were originally mined in July 2010, when Bitcoin was trading for less than $1.

“An inactive mining wallet woke up after 14 years and moved 50 BTC ($3.05 million) to Binance seven hours ago. The coins were mined on July 14, 2010.”

Address: 1PDTDwpgRPdQaCcp3Th6zaMASgcCcm3Jcm

Source: Lookonchain/X

Earlier this year in May, Lookonchain also reported on two wallets that had shown no activity since 2013 suddenly transferring millions of dollars’ worth of BTC.

At that time, Lookonchain discovered that these wealthy investors had moved a combined $61 million worth of Bitcoin, which they had acquired 11 years ago by purchasing 500 tokens for just $124 each. According to on-chain data, these wallets realized enormous gains of nearly 50,000%.

The primary cryptocurrency by market capitalization is currently trading at $61,630, reflecting a slight increase over the past 24 hours.

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Featured Image: Shutterstock/Tithi Luadthong