Contents
- The ancient whale moved $27.4 million into Bitcoin
- Dormant BTC and ETH wallets wake up one after the other
Satoshi-Era Bitcoin (BTC) Wallets Are Coming Back To Life In Masses, Big Sales Coming?
Yuri Molchan
Another old BTC wallet has come back to life after 12 years of dormancy, following several other dormant wallets waking up recently
Read U.TODAY on
Google News
Popular crypto tracking service Whale Alert has noticed that another crypto wallet that had been dormant for many years has come back to life. Earlier today it was an old Ethereum wallet.
Now a Bitcoin address has been reactivated where BTC was last moved when Satoshi Nakamoto was still in the crypto community.
The ancient whale moved $27.4 million into Bitcoin
According to Whale Alert, less than an hour ago, a dormant address woke up after 12 years and moved 1,000 Bitcoins worth $27,456,958 USD at the current BTC/USD exchange rate.
12 years ago, the year was 2011 – it was a year after the mysterious creator of Bitcoin, Satoshi Nakamoto, left his brainchild in the hands of the early Bitcoin community, such as Gavin Wood, Hal Finney and others.
Recently it became known that the iOS code for Mac contains the Bitcoin Whitepaper. This sparked massive speculation that Steve Jobs, the technology visionary and co-founder of Apple, could be Satoshi Nakamoto. Popular crypto YouTuber Lark Davis pointed out that Nakamoto disappeared in late 2010 and Jobs died in 2011.
However, many suggested as part of this theory that it was rather the other Apple founder Steve Wozniak who could have been the real Satoshi.
Dormant BTC and ETH wallets wake up one after the other
As reported by U.Today recently, multiple old crypto addresses containing Bitcoin and Ethereum have been reactivated and started moving their crypto. Last week, two BTC wallets woke up after being inactive for 10 and 9.3 years. They exchanged 1,128 BTC and 6,078 BTC respectively.
Several Ethereum whales inactive since the ETH ICO in 2014 have also woken up recently. One of them exchanged 1 ETH, but the wallet still contains 2,365 ETH valued at $4,377,447 USD.
Many Twitter users have joked in the comments of these tweets about ancient crypto wallets that their owners have probably just managed to find their keys after so many years.
All these ancient whales who have reactivated their wallets seem to be selling their crypto. However, now does not seem to be the best time for it – Bitcoin hit an all-time high of $69,000 in November 2021, and is currently trading at $27,444 – that is, down 60.09% from its all-time high. Ethereum reached its ATH of $4,891 around the same time, and is now changing hands below $2,000, down 62.21% from its historical level.
