Newsletter12 Year Ancient Bitcoin Wallet Activated Amid Price Dump
It is been more than 13 years since Bitcoin (BTC) was launched by Satoshi Nakamoto. Although BTC’s whitepaper was released in October 2008. Interestingly, an old BTC wallet from 2009 just got active amid the increasing crypto adoption. Meanwhile, the world still doesn’t know who Satoshi Nakamoto actually is and still, Bitcoin leads the way for other cryptocurrencies.
Ancient wallet holds $2.18M worth of BTCs
The Whale Alert, a blockchain tracker, shared an updated that a sleeping address containing 50 Bitcoins just got active after almost 12.4 years. The reported wallet comes from the Satoshi era when it was just the beginning for the BTC to decentralize the world economy.
According to Blockchain.com, the block was mined on 23 November 2009. It was just 10 months after the first Bitcoin was launched. However, BTC first breached the $1 landmark in February 2011, but today 1 Bitcoin can cost you over $43,000. Whoever owned this wallet, today he/she has become a millionaire. The ancient wallet holds $2.18 million worth of 50 BTC tokens.
There are many stories of early Bitcoin adopters sending the tokens to different people for paying their rent or bills for pizzas. The famous account of Laszlo Hanyecz who spent 10,000 BTCs just to buy 2 pizzas for himself comes from the year 2010. At that time his bitcoins were only worth $40 and now they could be worth anywhere from over $438 million. However, this ancient wallet is well before this incident took place.
Massive amount of BTC moved
However, WhaleStats have also reported multiple transactions of BTC being transferred from unknown wallets to different Crypto exchange platforms in the last 24 hours. These transactions have come amid the Bitcoin price drop by 3% in the last 24 hours. $248.84 million worth of 5678 Bitcoins has been transferred from 5 different unknown wallets to Coinbase. While 4,100 BTC has been moved from Gemini to Coinbase. The other 4 Wallets on Xapo have shifted $157.7 million worth of Bitcoins to Binance.
The Bitcoin is trading at an average price of $43,535, at the press time. Its 24 hour trading volume of $36,769,720,188 has seen a jump of 5%. BTC is still the king of the cryptocurrency with a market cap of over $827 Billion.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Bitcoin Price Falls Below $100k Despite U.S. Government Reopening
- 21Shares Launches Crypto Market Index ETFs, Tracking Bitcoin, Ethereum, Solana, Dogecoin
- Michael Saylor Predicts Bitcoin Will Overtake Gold’s Market Cap by 2035
- Breaking: Canary’s Spot XRP ETF (XRPC) Goes Live on Nasdaq
- Taiwan Eyes Plan To Establish Bitcoin Reserve By Year-End With Seized BTC
- Solana Price Gears Up to $180 as DApp Revenue and DEX Volume Surge
- Cardano Price Rare Pattern Points to a 55% Crash as Key DeFi Metric Plunges
- Is Dogecoin Price Set for a Rally After 4.72 B $DOGE Whale Accumulation?
- XRP Price Shows Early Signs of Recovery Ahead of the First U.S. XRP ETF Debut—Rally Ahead?
- Will XRP, DOGE And ADA Surge After U.S. Government Shutdown Resolution?
- FUNToken is Trending Sideways Ahead of the $5M Giveaway: Is It Accumulating?
