A wallet containing roughly $44 million worth of Bitcoin has been activated after more than 10 years
According to Whale Alert, a popular tool for tracking cryptocurrency wallets, a dormant address containing 687 has been The sudden activation comes after the price of the leading cryptocurrency managed to reclaim the $64,000 level. The leading cryptocurrency is currently trading at $64,380, according to CoinGecko data.
However, the awakening of the Bitcoin whale is unlikely to be related to the price spike. According to Chainalysis data, there is no direct correlation between the price performance of the leading cryptocurrency and the activation of old wallets. is currently collecting dust in wallets that have been dormant for more than 10 years. While some of these wallets tend to be activated sooner or later due to various reasons, analysts estimate that 1.5 million coins will still be lost forever.
The aforementioned Bitcoin address comes from the era of Bitcoin creator Satoshi Nakamoto. He resurfaced on the internet back in March 2014 to clarify that he was not Japanese American Dorian S. Nakamoto after the latter was spotlighted in a viral Newsweek story. Of course, the transaction is extremely unlikely to be related to the mysterious Bitcoin founder himself. However, old wallets can move the markets due to being potentially associated with Satoshi.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Satoshi-Era Whale Awakens with Millions in Bitcoin After 14 Years of AnabiosisA dormant wallet containing millions in BTC has been reactivated
Read more »
Bitcoin From Rare 'Satoshi Era' Moves After 14 Years of DormancyShaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Read more »
Satoshi-Era Bitcoin Whale Suddenly Wakes Up After Entire DecadeSomeone has been sitting on a Bitcoin address for 10 years only to reactivate it with $115 million
Read more »
Satoshi's Privacy Legacy Reverberates Through Dogecoin; What HappenedPseudonymous BTC creator Satoshi Nakamoto envisioned privacy in Bitcoin's whitepaper
Read more »
Satoshi Nakamoto’s Important “Bitcoin Money” Message Cited by Samson MowBitcoin advocate Samson Mow has brought up an important message from the BTC creator
Read more »
Bitcoin: Final Words From BTC Creator Satoshi Nakamoto RevealedThirteen years ago, Satoshi Nakamoto sent what is believed to be final message
Read more »