What’s your speculation on this? For me, maybe it’s only been recovered now after being forgotten for years…
I'll ask the same question I always ask on this repeated subject: why do you think the person who owned this address
only owned this address? Is it so hard to believe that the early adopters didn't stop acquiring bitcoin after the early days and have lots of other addresses with coins in them acquired over the years?
With that in mind, this story is no longer that interesting, is it? Because now it is some coins inside a bigger wallet that are moving from one address to another.
P.S. This also counters that old speculation that "Satoshi owns a million bitcoins"...
At first, that was my speculation, but after digging deeper and reading from different sources, I found that these are probably early investors with multiple wallets or addresses, all owned by a single person or entity. What’s intriguing is that just recently, there’s been a trend of major transfers, each for 50 BTC.
As mentioned in this
article:On September 20, 2024, five distinct wallets, each transferring 50 BTC, were tracked by the on-chain transaction monitor, Whale Alert.
Although this isn’t the first time old wallets, also known as Satoshi-era wallets, have moved funds, the fact that five wallets, each holding 50 BTC, are possibly controlled by the same owner is worth noting. I just thought I’d share this news to spark some speculation and get the community talking since it's interesting for those who haven’t been following the big news in crypto.
And there’s more.
This isn’t the first time dormant Bitcoin wallets have come to life. Earlier this year, a wallet inactive for over 12 years moved 500 BTC, and another wallet dormant for over 10 years became active in April 2023.
So, if I hadn’t searched for this info, I wouldn’t have known that 500 BTC had been moved this year... And surprisingly, instead of triggering a market dump, the market is actually on the rise right now.
