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Mystery Deepens: Ancient Satoshi-Era Wallet Wakes After 13-Year Slumber

Published 3 hours ago2 minute read
David Isong
David Isong
Mystery Deepens: Ancient Satoshi-Era Wallet Wakes After 13-Year Slumber

Recent data provided by Whale Alert has revealed a notable resurgence in activity from long-dormant Bitcoin addresses, particularly those dating back to the Satoshi era. One such address, holding a substantial sum of 232 Bitcoins – currently valued at approximately $26.5 million – has unexpectedly reactivated after more than 13 years of complete inactivity. This event marks a significant point of interest for the cryptocurrency community, as movements from such old wallets are rare.

This activation is not an isolated incident but rather part of a broader trend observed recently. It follows closely on the heels of other similar activations that occurred earlier in the month. On September 11, for instance, two distinct long-dormant addresses, which had also remained untouched for over 13 years, sprang back to life. These two addresses collectively held 300 Bitcoins, with a combined worth of $34.2 million, adding to the growing tally of historically inactive cryptocurrency now in motion.

Further back, on September 4, another address containing a significant 479 Bitcoins, valued at $54 million, also awoke from its nearly 13-year hibernation. The cumulative impact of these sudden wallet activations is substantial. Over the past week alone, an estimated total of 1,011 Bitcoins, amounting to a staggering $116.4 million, have been accessed and potentially moved from these long-inactive addresses. This surge in activity from such aged wallets is attracting considerable attention, prompting speculation about the reasons behind these long-awaited movements and their potential implications for the Bitcoin market.

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