The crypto world is buzzing with speculations after a mysterious whale moved 185 Bitcoin from a wallet that had been dormant for 11 years. This transaction was spotted by Whale Alert, a blockchain monitoring service, and immediately set off rumors within the crypto community.
💤 💤 A dormant address containing 185 #BTC (10,553,799 USD) has just been activated after 11.0 years!https://t.co/OxUKClLbnG
— Whale Alert (@whale_alert) September 10, 2024
Could this be the long-awaited return of Bitcoin’s anonymous creator, Satoshi Nakamoto?
The Mysterious Transaction
The transaction involved BTC likely purchased around 2010 when the crypto pioneer was worth only a few hundred dollars. With the price hovering at around $56,000 per BTC at present, the total value of this transaction is approximately about $10 million. This highlights the growth of BTC over the past years.
This led to people calling the wallet holder Diamond Hands, as the person has kept these 185 Bitcoin on hold for 11 years.
Satoshi Nakamoto: The Speculation Continues
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The fact that these Bitcoins have been untouched for years now has sparked speculations that they might belong to Satoshi Nakamoto, the pseudonymous creator of Bitcoin. The idea that Satoshi might be moving some of their original stash has shockwaves through the community. With well-known people in the community supporting the theory:
Satoshi is that you 👀
— Sweep (@0xSweep) September 10, 2024
However, it’s worth noting that no concrete evidence has surfaced to confirm this theory, and the identity of the wallet’s owner remains unknown.
The movement of old Bitcoins has led to high market volatility and such moves are often linked to early adopters or even Satoshi Nakamoto. If this wallet indeed belongs to Satoshi, it could have on the crypto market but for now, it remains just as a speculation.
After this move, the community will be on high alert and such moves will always traced back to the same suspicion.
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