Transfer 300 BTC worth approximately $31.1 million to an address that has been dormant for 11 years

Foresight News reported that according to Lookonchain monitoring, a wallet address transferred 300 BTC (worth approximately $31.1 million) to a new wallet after being dormant for 11 years. This address received these 300 BTC at an average price of $447 (totaling approximately $134000) 11 years ago.