Three Satoshi Nakamoto-era Bitcoin (BTC) whale addresses, which have been dormant since November 2017, moved 6,500 BTC on November 2, worth an estimated $230 million. Satoshi Era BTC refers to the early days of the Bitcoin network, when it was still relatively unknown. .
According to Bitinfocharts, the first wallet has been transferred 2,550 Bitcoin, Estimated value is $90 million.The second address moved 2,000 Bitcoin Valued at $71 million, the third address was transferred to 1,950 Bitcoin Valued at $69 million.
Another thing these three wallets have in common is that the last transaction of these three wallets occurred on November 5, 2017, about six years ago. As a result, these wallets lay dormant during the Bitcoin bull run and all-time highs above $69,000. Most of the Bitcoins in the three whale wallets date back to July 2011 and are associated with the Bitcoin mining pool F2Pool, suggesting that these Bitcoins may have been accumulated through the mining process in the early stages of Bitcoin. This means that these three wallets have been holding Bitcoin when it was trading below $15.
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It is unclear whether the three wallets belong to the same person or entity, but the wallet history and their transaction patterns suggest this may be the potential case. Bitcoin whale addresses containing 2011 BTC recently changed just days after BTC prices hit a new yearly high above $35,000.
In 2023, many Bitcoin whales and addresses that were over a decade old emerged from hibernation, moving BTC from the 2010s to new addresses. In early July, $30 million in BTC was transferred from a wallet that had been dormant for 11 years; a month later, in August, a Saotshi-era wallet transferred 1,005 BTC to a new address.
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