1005 'Virgin' Bitcoins Moved After 13 Years: Is Satoshi Back?
Whale Alert brought to light that a dormant address containing 1,005 BTC was activated recently after a period of almost 12.8 years. The coins were worth around $29.75 million when they were moved. The address paid 0.00004013 BTC [$1.18] as a fee to execute the transaction. The address was created in 2010, and these coins were mined a year after Bitcoin’s birth. The coins were valued at $328 in 2010. Commenting on the movement of the 1005 ‘virgin’ Bit coins , Blockchain Researcher Kirill Kretov posted on LinkedIn, “That is quite a remarkable awakening that we see lately, not only by the date of creation but also by the amount that has been transferred.” Such transfers are usually not welcomed by the people because they perceive that an influential holder has lost confidence and intends to liquidate holdings. Diamond hands selling the asset have triggered market sell-offs in the past. Keeping the optimistic door open, and laying out an...