Bitcoin Whale from Satoshi Era Resurfaces, Transfers $43.9M Worth of BTC After 10 Years

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A wallet that laid dormant for 10.3 years has suddenly sprung to life, transferring all 687.33 bitcoins, worth almost $44 million, on May 6, according to Lookonchain’s latest findings.

The wallet divided its holdings, sending 625.43 BTC to an address beginning with bc1qky and the remaining 61.9 BTC to bc1qdc, as identified by the on-chain tracking platform. This activity, especially from the Satoshi era, invites speculation about its origins. Some believe wallets from this period could be linked to the Bitcoin creator.

With an average purchasing price of $29.39 in 2013, this whale’s return on investment stood at a whopping 230,000%. It is not exactly possible to determine the fate of many dormant wallets, but it is likely that a significant portion of them are permanently lost due to forgotten private keys, especially from the period before 2012 when bitcoin had little value and proper key management practices were less common.How to Stake Polkadot : The Ultimate Guide

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