A Bitcoin "Dinosaur" wallet wakes up after 10 years of inactivity
A dormant Bitcoin address from the time of Satoshi Nakamoto that is still active has woken up after 10 years. A Bitcoin wallet containing 687 BTC ($43.9 million) transferred its holdings to two different wallets on May 6.
The first wallet transferred 625.43 Bitcoins to 1 address starting with bc1qky and the remaining 61.9 BTC to bc1qdc. The movement of funds from very old wallets, especially from the Satoshi era, often causes curiosity in the cryptocurrency community.
The term âSatoshi eraâ refers to the early days after Bitcoin's creation when its anonymous founder, Nakamoto, was active online on forums. Some Satoshi-era wallets are often speculated to be related to Satoshi himself.
It can be said that a Bitcoin wallet "awakened" from hibernation in August 2023, after nearly 14 years, and transferred 1,005 BTC mined in 2010.
This movement has attracted great attention on social media, with many speculating that it could be Satoshi Nakamoto's wallet. However, experts say it could be related to early miners or buyers just trying to make a profit.
According to a Fortune report, a total of 1.75 million Bitcoin wallets have remained inactive for over a decade. Many of these wallets contain significant amounts of BTC, are estimated to be sold when Bitcoin prices are in the double digits, and are currently valued in the millions of USD. These inactive wallets contain a total of 1,798,681 Bitcoin, worth approximately $121 billion at today's prices.
