Is that you Satoshi? Over $4,300,000 in Bitcoin (BTC) is suddenly moving after being dormant since 2009
Two giant Bitcoin (BTC) addresses suddenly come to life after 12 years of inactivity.
Blockchain data monitoring tool BTCparser says the two bitcoin addresses, previously active in 2009, collectively moved 100 bitcoin in minutes, Whale Alert tracks in a series of tweets.
The older of the two addresses was created on November 22, 2009 and just sent just over 50 Bitcoin to an unknown address.
The newer of the two addresses was created on November 23, 2009 and just sent just over 50 Bitcoin to another unknown address.
đź’¤ A dormant address with 50 #BTC ($2,158,390) just activated after 12.4 years! https://t.co/SWsq8ubLVm
— Whale Alert (@whale_alert) April 7, 2022
đź’¤ A dormant address with 50 #BTC ($2,165,186) just activated after 12.4 years! https://t.co/l4nWRMAz66
— Whale Alert (@whale_alert) April 7, 2022
While the two addresses initially held 50 Bitcoin each, they have received trace amounts of BTC over the course of their more than decade existence. The small amounts of bitcoin sent to these addresses are likely what are known as “dusting attacks,” which are typically efforts to reveal the identities of wallet holders.
Whenever early-mined BTC become active, traders take note of the possibility that the crypto in question could belong to Bitcoin’s pseudonymous creator Satoshi Nakamoto. Satoshi is estimated to have mined around one million Bitcoin, a stash that would be worth over $43 billion at current prices.
So far, the last known activity from the two addresses was less than 11 months after Bitcoin was first mined in January 2009. It also took place just over 12 months before Satoshi disappeared.
The last known publicly verifiable digital sighting of Satoshi was in December 2010 on the online forum BitcoinTalk when the pseudonymous creator was discussing a Bitcoin software update designed to prevent denial of service attacks.
Bitcoin was trading at around $0.001 in November 2009. The flagship cryptocurrency is trading for $43,482 at the time of writing.
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