A whale that has been dormant for more than three years transferred $530 million worth of BTC to two new addresses this morning

Arkham monitoring data shows that at around 3:30 a.m. today, a whale that had been dormant for more than three years transferred $530 million worth of BTC to two new addresses, one of which held $420 million and the other held 1,000 BTC (about $107 million). The last time this address transferred BTC was three years ago, in April 2021.