Recently, a Bitcoin address dormant for a decade, believed to be from the time when Satoshi Nakamoto was active, sprang back to life. This wallet, holding 687 BTC valued at $43.9 million, split its holdings into two wallets on May 6.
The movement of funds from such ancient wallets, especially linked to Nakamoto's era, typically draws the crypto community's attention. The "Satoshi era" refers to Bitcoin's early days, when #Nakamoto was actively participating in online forums. Some speculate these wallets are tied to Nakamoto himself.
In August 2023, a similar dormant wallet woke and transferred 1,005 #BTC mined in 2010, sparking social media speculation. However, experts suggest these moves are likely by early miners or investors seeking profit.
Around 1.75 million #Bitcoin wallets have been inactive for over a decade, many holding BTC acquired when prices were lower and now worth millions.
Recently, wallets from the #Satoshi era have been activated, transferring $BTC to new addresses or exchanges, suggesting a potential intention to liquidate assets after years of dormancy. For example, in July 2023, a dormant wallet moved $30 million in BTC, and in November 2023, three wallets transferred $230 million in BTC after six years of dormancy, likely linked to the same entity.