A small number of Bitcoin mining addresses that have been inactive for over a decade recently moved more than $7 million worth of BTC, as per data from on-chain sources.

According to Lookonchain, four mining addresses each received 25 BTC from mining activities in 2013. After lying dormant for 11 years, the miners transferred a total of 100 BTC this week, following a surge in the price of the leading cryptocurrency to over $70,000.

At the time of writing, BTC is trading at $71,079, showing a gain of over 2% in the last 24 hours.

Lookonchain also reported on a new wallet funded by Coinbase that acquired a significant amount of the memecoin inspired by Gamestop stock, GME.

“A new wallet was created and used 12,110 $SOL (equivalent to $2 million) to purchase 135 million GME at $0.0148 in a single trade, making them the 4th largest holder of GME. What an extravagant purchase!”

The memecoin based on Solana (SOL) 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 stock on the New York Stock Exchange, known for its surge in 2021 that caused significant losses for hedge funds, rose nearly 50% on Monday, going from $22.91 to $40.08. However, it has since retraced and closed at $26.50 by the end of Tuesday’s trading day.

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