Blockchain research firm BTCparser has revealed a new theory about 'Bitcoin's father' Satoshi Nakamoto, suggesting he is the mysterious whale behind the 2010 wallets. The research found that Satoshi Nakamoto has been strategically cashing out from early Bitcoin wallets since 2019.
In an article published on November 19, BTCparser stated that a large number of Bitcoin wallet addresses were created in 2010, each holding 50 Bitcoins, and these wallets had never moved assets until the first 'awakening' in November 2019.
The early crypto community referred to these wallets as '2010 Megawhale,' closely tracking the movements of these wallets.
According to the theory proposed by BTCparser, Satoshi Nakamoto owns these wallets and has been slowly selling from these wallets while deliberately avoiding touching the 2009 wallets to avoid drawing attention.
The article states: "This makes me suspicious that the mysterious whale from 2010 could be Satoshi Nakamoto." However, BTCparser added that this is still just a theory, not a conclusion.
BTCparser indicates that if Satoshi Nakamoto is the mastermind behind these 2010 wallets, 'then it paints a picture of a creator who carefully planned to ensure people's privacy.'
"If Satoshi Nakamoto holds a large amount of coins minted in 2010, there is no need to touch the original 2009 wallets. Using these later minted coins can avoid drawing attention to the original stash, maintaining anonymity and reducing the risk of revealing Satoshi's identity," the company wrote.
Funds are concentrated in a P2SH address, typically used for escrow, and then sent to multiple bech32 addresses—this type of address provides low transaction fees and effectively utilizes block space.
Bitcoin worth $5 million from these addresses was first sold in November 2019, with the second and third sales occurring in March and October 2020, amounting to $6-8 million and $11-13 million, respectively.
The fourth sale was a liquidation of $176 million just 10 days ago, on November 15.
"The increase in sales volume corresponds with the rise in Bitcoin value, indicating that this whale has been strategically cashing out."
BTCparser stated that unless large sums are operated through intermediaries, the cryptocurrency exchange Coinbase, which holds these currencies, may know more about the individuals or entities behind these transactions.
In October, a controversial HBO documentary claimed that Bitcoin crypto-punk Peter Todd invented Bitcoin.
Todd refuted this conclusion, and most industry experts believe HBO's evidence is considerable. The names of Nick Szabo, Adam Back, and Hal Finney are all associated with Satoshi Nakamoto's identity.
Szabo and Back often deny they are Satoshi Nakamoto, and Finney also denied this before his death in 2013.
