Satoshi-era dormant Bitcoin address wakes up after 10 years

Over the past couple of years, numerous Satoshi-era wallets have been activated only to transfer the BTC holdings to a new address

According to a Chainalysis report, there are a total of 1.75 million dormant BTC addresses inactive for over a decade.The wallet first transferred 625.43 BTC to an address starting with bc1qky and the remaining 61.9 BTC to bc1qdc. The movement of funds from very old wallets, especially from the Satoshi era, often sparks curiosity among the crypto community.

The term Satoshi era relates to the early days after Bitcoin was created when its pseudonymous founder, Satoshi Nakamoto, was active online in forums. Some Satoshi-era wallets are often speculated to be linked to Satoshi himself.last year in August, nearly after 14 years, and transferred 1005 BTC mined in 2010. The wallet movement created the most buzz on social media, speculating that it was Satoshi’s wallet., a total of 1.75 million Bitcoin wallets have remained inactive for over a decade.

The three wallets were believed to be connected to the same individual or organization, as they made their last transaction on Nov. 5, 2017.Back to extreme greed past $65K? 5 things to know in Bitcoin this weekBitcoin price springs 5% to $62K as US jobs data boosts rate cut bets

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