- Over 250 BTC from the early days of bitcoin, known as the “Satoshi era,” were transferred on Friday in five separate transactions, each moving 50 BTC to new wallets, with a total value close to $13 million.As of press time, there hasn’t been any movement from the new wallets to crypto exchanges.This movement adds to previous instances where dormant bitcoin from the Satoshi era, including significant transactions in July and December last year.
The Satoshi Period often signifies the timeframe during which the anonymous inventor of Bitcoin, Satoshi Nakamoto, actively participated in online discussions, starting from late 2009 and continuing until around 2011.
It’s not certain whether these wallets are linked to the same individual or organization. So far, there’s no evidence that funds have been transferred from the newly identified wallets to cryptocurrency exchanges.
As a researcher delving into the realm of cryptocurrencies, I’ve uncovered some fascinating data from the blockchain. The bitcoins in question appear to have been mined as a block reward back in 2009, mere months after the network’s inception. Since then, these wallets have remained dormant, with minimal activity apart from the recent movement observed on Friday.
Over the last several years, bitcoins from the ‘Satoshi era’ have been moving around. In July 2023, a previously inactive wallet (over 11 years old) sent approximately $30 million worth of this digital asset to various other wallets. Similarly, another such wallet moved nearly 1,005 bitcoins to a new address in August.
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2024-09-20 11:14