On July 5, 2024, a long-dormant Bitcoin (CRYPTO:BTC) wallet from November 2013 transferred 1,004.49 BTC, valued at $56.5 million, as Bitcoin traded around $56,500.

The wallet had accumulated its balance through deposits over the years, starting with 0.5 BTC on its creation date and a significant deposit of 620 BTC the next day.

Another major deposit of 383.99 BTC occurred in March 2014.

Originally worth $695,000, the BTC is now valued at $56.5 million.

The transfer moved funds from a legacy address to a newer format, showcasing increased blockchain activity involving old wallets from 2013 and 2014.