Eight years silent bitcoin whale, moving more than $148 million in BTC, suddenly made a mess and made headlines. Satoshi and miner speculations began to be produced in the crypto community again.
Transactions from long-dormant wallets often attract media attention as such activities fuel speculation that BTC may belong to Bitcoin’s mysterious creator, Satoshi Nakamoto.
According to Blockchair.com, the address first received 2207 BTC on October 7, 2013, which was worth $282,264 at the time of purchase.
Bitcoins remained unmoved in the wallet until Wednesday, when they were transferred to the other two addresses. To the first of these two addresses; 300 BTC worth more than 524 times the original 2013 price were sent, while more than 1900 were sent to the other.
The $148.1 million transaction was processed for a 0.000219 BTC fee of $14.69 at the time of the transfer.
Over the past eight years, the long-dormant sending whale wallet has been observed to receive traces of Bitcoin many times over, but these transactions dusting It is thought to be a result of the attacks.
dusting attacks, with the aim of breaking the privacy of the wallet owners, very small amounts of cryptocurrencies were sent to many personal wallets. (dust) attacks by hackers and scammers. The scammers then try to monitor the transaction activity of the targeted wallets to identify the individuals or companies behind the wallets.
Whale Alert, a cryptocurrency tracker, was the first to notice the move.
💤💤💤💤💤💤💤💤💤💤 A dormant address containing 2,207 #BTC (150,512,129 USD) has just been activated after 8.1 years (worth 294,287 USD in 2013)!https://t.co/a6EPxBbXd5
— Whale Alert (@whale_alert) November 10, 2021
The mega transaction took place on the same day that Bitcoin reached its all-time high of $69,044. BTC has since lost some of its weekly gains and is currently trading at $65,141.
Another reason why the crypto community is interested in dormant whale wallets, apart from Satoshi speculation, is; In the past, when large amounts of Bitcoin were transferred from wallets created by miners in ancient times, this caused fluctuations in the BTC exchange rate.
Blockchain analysts estimate that Nakamoto mined one million BTC, starting with the initial 50 BTC reward for the genesis block on January 3, 2009. It is known that Nakamoto’s participation in the Bitcoin project ended in mid-2011.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.