Three Satoshi-Era Bitcoin Wallets Awaken As BTC Eyes New All-Time High
10/29/2024 15:59Ancient wallets from the times of Satoshi begin to massively awaken as Bitcoin price is going up
Ancient wallets from the times of Satoshi begin to massively awaken as Bitcoin price is going up
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Prominent blockchain sleuth Whale Alert has spotted three ancient cryptocurrency wallets coming back to life after a long hibernation. One of them was last active back in 2010 – the year when the mysterious Bitcoin creator Satoshi Nakamoto chose to step away, leaving BTC in the hands of keen developers.
These dormant wallets were reactivated less than 48 hours ago. This is happening while Bitcoin, which has become the world’s flagship cryptocurrency by now, has skyrocketed above the $71,000 level for the first time since June.
Satoshi-era wallets keep returning as BTC skyrockets
The above-mentioned data source spread the word about three ancient Bitcoin wallets returning from dormancy almost consecutively.
One of them awakened on Monday and it contained 16 BTC valued at $1,147,359 after 2013 when these Bitcoins were worth $2,160. That comprises a staggering 53,018.5% increase in profits. This whale returned after 11.1 years of staying inactive.
The comeback of the other two wallets were spotted a few hours ago today. The first dormant address came back holding 28 BTC from the dormancy after 13.6 years. This means that it was last used in 2010, when Satoshi Nakamoto was still around and corresponded with the future BTC developers on the BitcoinTalk forum.
The number of Bitcoins held in this wallet is now equal to $1,995,139, while back in 2010 BTC reached an all-time high of $0.30, meaning that the 28 BTC back then were worth just less than $9. This means that this whale has welcomed a mammoth 22,168,100% return on investment.
Bitcoin eyes new all-time high
The last wallet that has been detected by Whale Alert so far today holds the biggest amount of crypto of the three – 749 Bitcoins valued at $53,227,433. Compared to 2012 when this Bitcoin was last moved (and when it was worth $7,974), this is a 667,412% rise in returns.
All three wallets have been reactivated as Bitcoin began to surge and is coming close to its March historic peak. That all-time high was reached at the $73,750.07 level on March 14. This year, the fourth Bitcoin halving took place but contrary to history, BTC hit a new ATH before the halving this time.
Now, Bitcoin is trading at $73,750.07, aiming to surge to a new historic price peak.
About the author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.
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