Crypto whale watching bot Whale Alertmanaged to detect a Bitcoin (BTC) wallet that has been dormant for over a decade.
Whale Alert found that an address that was last active in October 2010 has recently transferred 489 Bitcoins worth over $20 million. Having quite a lot of Bitcoin, the investor transferred these assets to an unknown wallet.
In October 2010, when this address was active, Bitcoin was worth only $0.17. Currently, Bitcoin, the most valuable crypto asset, gained an astronomical value of 23,150,500% during the inactivity of the address.
Of course, the fact that this wallet has not been active for a long time, or even being inactive, has caused a great repercussion in the crypto community and this wallet owner Satoshi Nakamoto There was a lot of talk about whether it could belong to the pseudonymous developer.
As those who are a little closer to the crypto world know, who Satoshi is and where he lives has long been a mystery. Satoshi’s last message was posted on the Bitcoin Talk forum in December 2010, a few weeks after this wallet was last active.
In December, another whale address awoke and moved 500 BTC, worth about $23.6 million at the time, to an unknown address. This event also caught the attention of the crypto community, as many theories may also belong to Satoshi.
A few months ago, blockchain researcher Sergio Lerner estimated that Satoshi has 1.1 million BTC, which is worth over $40 billion given the current BTC price.
Bitcoin (BTC)was trading at $39,356 at the time of writing, down more than 40% from its November 2021 all-time high and 7% from its seven-day high of $42,438.
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.