Ancient Bitcoin Wallet Stirs After 13 Years of Dormancy, Sparking Satoshi Speculation-web3.0-php.cn

Home

web3.0

Ancient Bitcoin Wallet Stirs After 13 Years of Dormancy, Sparking Satoshi Speculation

WBOYWBOYWBOYWBOYWBOYWBOYWBOYWBOYWBOYWBOYWBOYWBOYWB

Jul 17, 2024 am 05:40 AM

The crypto tracker Whale Alert notes that the address moved 33.99 BTC to two separate wallets.

Ancient Bitcoin Wallet Stirs After 13 Years of Dormancy, Sparking Satoshi Speculation

An ancient Bitcoin wallet just shifted more than $2.1 million in BTC after 13 years lying dormant.

According to crypto tracker Whale Alert, the address moved 33.99 BTC to two separate wallets.

The move marks the whale’s first known activity since June 18th, 2011, when that same trove of Bitcoin was valued at just $584.

Transactions from long-dormant wallets tend to pique media interest, largely due to speculation that the BTC might belong to Bitcoin’s enigmatic creator, Satoshi Nakamoto.

Blockchain analysts surmise that Nakamoto mined one million BTC, beginning with the 50 BTC reward for the genesis block on January 3rd, 2009. Nakamoto’s involvement with the Bitcoin project concluded in mid-2011.

The last known public sighting of Satoshi was in December 2010 on the BitcoinTalk online forum, where the pseudonymous creator discussed a Bitcoin software update to prevent denial-of-service attacks.

The dormant wallet flagged by Whale Alert has received small amounts of Bitcoin on a few occasions over the last 13 years, but those transactions are likely the result of dusting attacks.

Dusting attacks involve hackers or scammers sending tiny amounts of a cryptocurrency (dust) to a large number of personal wallets in an attempt to breach the privacy of the wallet holders.

The scammers then attempt to follow the transactional activity of targeted wallets to uncover the individuals or entities behind them.

The above is the detailed content of Ancient Bitcoin Wallet Stirs After 13 Years of Dormancy, Sparking Satoshi Speculation. For more information, please follow other related articles on the PHP Chinese website!

Statement

The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

Bitcoin (BTC) Holds Firm at 120-Day PeaksMay 11, 2025 am 11:38 AM

Bitcoin (BTC) price climbed to a 120-day high of $103,890 on Friday, propelled by favorable macro conditions and renewed institutional appetite.

A trader is getting attention from the crypto community for massive returns on the decentralized exchange Hyperliquid.May 11, 2025 am 11:36 AM

In a post on X, Lookonchain disclosed that the trader known as James Wynn has made up to $46.5 million in profits trading on the platform.

SUI/USDT Forms Symmetrical Triangle Pattern, Targeting a 8% Price MoveMay 11, 2025 am 11:34 AM

A symmetrical triangle pattern forming on the SUI/USDT 1-hour chart is capturing the attention of market analysts and traders, signaling a possible price movement of up to 8%.

Kaanch Network: The Utility Token That's Already LiveMay 11, 2025 am 11:32 AM

Most presale tokens don't do anything yet. They sell a promise. A pitch deck. A vision of what might happen. But Kaanch Network is different.

Solana (SOL) price started gaining traction after the Federal Open Market Committee (FOMC) announced interest rates would remain unchanged.May 11, 2025 am 11:30 AM

This news boosted the crypto market’s bullish run. It has also taken SOL price back above $150.

title: BlackRock's Bitcoin ETF Records 19 Consecutive Days of Inflows.May 11, 2025 am 11:28 AM

It’s the longest streak of the year, signaling strong institutional demand. Momentum shows rising smart money interest in Bitcoin.

A Hyperliquid trader is making headlines for massive returnsMay 11, 2025 am 11:26 AM

A trader is getting attention from the crypto community for massive returns on the decentralized exchange Hyperliquid.

Could the next breakout in crypto come from a project still in its presale stage, quietly solving real-world problems while others chase scalability?May 11, 2025 am 11:24 AM

As blockchain ecosystems expand and the market shifts its attention toward functionality and long-term use cases, the search for the next crypto to hit $1 is gaining urgency.