A Bitcoin wallet containing a lifetime fortune just woke up after 14 years. The wallet, which had been dormant since April 2011, suddenly transferred its entire balance of 10,000 BTC, valued at around $1.09 billion, to a new wallet.
When the wallet initially received the 10,000 BTC in 2011, the transaction was worth less than $10,000. At the time, Bitcoin traded at around $0.70 per coin, making the total investment approximately $8,000. Fast forward 13 years, and that same wallet is now worth over a billion dollars.
On-chain analytics platforms like LookonChain and Whale Alert flagged the unusual transaction. The full 10,000 BTC was moved in a single swoop, suggesting that despite over a decade of inactivity, the owner remains relatively savvy with crypto.
Only moments later, reports emerged that several other wallets from the same era were also reactivating. In total, eight dormant addresses moved over 80,000 BTC, worth approximately $8.6 billion at current prices. All eight wallets date back to Bitcoin’s early days, and their sudden reawakening has only intensified speculation around their possible owner.
Whenever stories like this surface, the crypto community revives the age-old question: could the owner be Satoshi Nakamoto? While the theory captures imaginations, there is no evidence linking these wallets to the pseudonymous Bitcoin creator.
Despite the scale of the transfers, Bitcoin’s price has remained relatively stable. $BTC is currently trading at $108,224, reflecting a 1.33% decrease in the past 24 hours.
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