A Bitcoin wallet that was last active in May 2010 suddenly took action!
What makes the wallet in question important is that it was last inactive on May 17, 2010, when 50 Bitcoins in it were worth less than $4. This brings to mind the suspicions that this wallet belongs to Satoshi Nakamoto.
Bitcoin’s record rises have continued since the crypto stash was last active, and when the total earnings are calculated, it is seen that the funds have gained more than 3 million dollars at today’s exchange rates, or more than 1% million.
Last month, a Bitcoin wallet containing 616 BTC was also activated after being inactive for nearly nine years. For many dormant wallets like this, most of the access keys have already been forgotten or their owners are no longer alive. This means that several million access keys are forever lost to history, given the fact that the Bitcoin algorithm was set up to generate only 21 million BTC.
The most valuable passive wallet currently contains roughly $5 billion with around 80,000 BTC-dollar accounts. According to the latest analysis from crypto market intelligence firm Glassnode, about a third of all Bitcoins are owned by long-term holders.
However, when very large wallets take action, everyone thinks, “Is Satoshi alive or could this wallet belong to him?” Questions like come up. However, after a while, such wallets go to sleep again and Satoshi news continues to sleep just like his wallet.