‘2010 Whale’ Could be Bitcoin Creator Satoshi Nakamoto: BTCparser Theory

A Bitcoin research company BTCparser shared an article recently that suspects that Satoshi Nakamoto could be the ‘2010 whale’ who created a large number of Bitcoin wallet addresses each holding 50 bitcoins. As per the new theory, these addresses were not transferred until the first “activation” in November 2019. 

The article suggests that Satoshi owns these wallets and has been slowly selling his holdings while intentionally ignoring the 2009 wallets to avoid attracting attention.

Who Might Be the Real Satoshi? Answering the Question of Why He Never Touched His 2009 Bitcoins! https://t.co/MFYUDx0o7C

— Vladimir S. | Officer’s Notes (@officer_cia) November 24, 2024

2010 Whale and Satoshi Nakamoto Theory: 

BTCparser said that since 2019, a fascinating pattern has emerged involving dormant Bitcoin wallets from 2010. These wallets share several distinctive traits:

1. Mined in 2010: These coins were generated shortly after Bitcoin’s creation but postdate Satoshi Nakamoto’s known activity in 2009.
2. No Prior Activity: Each wallet holds exactly 50 BTC with no outgoing transactions until recently.
3. Consolidation and Redistribution: When activated, the coins are transferred to a single P2SH address (commonly used for escrow). From there, they are split into equal parts and distributed to multiple bech32 addresses.

The theorist deduced that so far, this mysterious entity has reactivated 24,000 Bitcoins through these periodic transfers. The first event occurred in November 2019, and the most recent awakening took place on November 15, 2024, involving 40 wallets and totaling 2,000 BTC (valued at approx $176 million).

The article read, “I gathered all those awakening transactions, selected the destination addresses, and combined them into a single transaction for your convenience. No need to search on your own—here’s the Transaction ID: 24f1c486b2f2abd1b9c28d02d8e637279ff43cb8d81f23a412a506093679c086.” 

However, BTCparser reiterated that this is just a “theory, not a conclusion.”

BTC parser added that Coinbase, where these awakened coins are deposited, likely knows more about the entity behind these transactions, unless the whale is operating via intermediaries.

Also Read: Saylor Responds to Scottie Pippen’s Satoshi Nakamoto Story