Breakingđ„!! Bitcoin Miner Who Turned $3 into $3 Million Moves Funds for the First Time in 14 Years
A Bitcoin miner from the "Satoshi era" has moved 50 bitcoins, which had been dormant for 14 years, to the cryptocurrency exchange Binance for the first time. When these bitcoins were mined, they were worth just $3; today, they are valued at $3 million.
The transfer from wallet 1PDTDw⊠was detected by the blockchain analysis firm Lookonchain, which revealed the movement in a post on X early Thursday morning (June 27).
"A minerâs wallet woke up after being inactive for 14 years and deposited 50 BTC ($3.05 million) into Binance 7 hours ago," the tweet stated.
The "Satoshi era" refers to the period when Bitcoinâs pseudonymous creator, Satoshi Nakamoto, was active in online forums, from late 2009 to 2011.
According to on-chain data, the block that rewarded the miner with 50 BTC was generated at 10:37 PM on July 14, 2010. Since then, the bitcoins had remained untouched in the wallet until today.
Sending Bitcoins to Binance
When an investor sends a large amount of cryptocurrency to an exchange, it generally signals that they are preparing to sell or use them as margin in derivatives trading.
However, this amount of Bitcoin is not significant enough to impact the cryptocurrency's price. Nevertheless, when whalesâinvestors holding more than 1,000 BTCâmove thousands of b
