A large bitcoin transfer was recorded on May 10, 2026.
A bitcoin (BTC) wallet that had been inactive since November 2013 suddenly moved 500 BTC▲$64,167.00 worth approximately $41M. Arkham Intelligence analysts spotted the transaction.
Hot topic: Bitcoin Price Perspectives in May 2026 — Will BTC Surge to $100,000?
The funds were sent from address 1KAA8…d882j to a new wallet, bc1qm…hjrxy, on April 10, 2026. At the time the 500 BTC were received in 2013, they were worth only about $457,000. Thus, over 12 years, the asset’s value increased nearly 89 times.
Why This Matters
Such “wake-ups” of ancient wallets always draw increased market attention. Often, these transfers precede a sale of part or all of the holdings on exchanges, which could create downward pressure on the price.
In recent months, the market has seen several similar cases:
- In April, an Ethereum ICO participant moved about $23M in ETH▲$1,729.87 after 11 years of inactivity.
- In March, a dormant address activated 2,100 BTC, worth more than $147M at the time of transfer, after 14 years.
Read more: Bitcoin Treasury Capital B Raises $17.8M Toward 1% BTC Supply Goal
What Is Happening With Bitcoin on May 11?
At the time of publication, bitcoin trades at approximately $80,900. Over the past week, the leading cryptocurrency has risen about 1.5%, and over the month, it has gained 11%.
Analysts note that large movements of “old” BTC often trigger volatility and speculation, especially when the market is in a recovery phase following a correction.
Learn more: Top 5 Richest Crypto Billionaires in 2026 — Who Dominates the Blockchain World?
