Earlier today, prominent blockchain tracker Whale Alert reported that several Satoshi-era Bitcoin wallets, dormant for over 15 years, have suddenly become active.
Five 2009 Bitcoin Miner Wallets Awaken
Analytics account @lookonchain revealed that within a single hour, five long-dormant Bitcoin wallets, each containing 50 BTC (worth approximately $3.18 million), were activated. These wallets belong to miners who earned their 50 BTC by generating a block on the Bitcoin network in 2009, the year Bitcoin was created by the elusive Satoshi Nakamoto. Back then, the block reward was 50 BTC, which was reduced to 25 BTC after Bitcoin’s first halving in November 2012.
In total, these five wallets transferred 250 BTC—now valued at almost $16 million.
@lookonchain also warned that many miner wallets dormant for more than 15 years have been transferring Bitcoin:
“Five miner wallets have transferred 250 BTC ($15.9M) in the past hour. These wallets earned 50 BTC ($3.18M) as mining rewards per block back in 2009.”
Bitcoin Reaches $63,000
This week, Bitcoin has seen a significant upward movement, gaining over 11%, climbing from $57,600 to $64,000. In the past 24 hours alone, Bitcoin’s price surged 3.36%, although it experienced a slight pullback, currently trading at $63,545. The price surge has been attributed to the Federal Reserve’s recent decision to cut interest rates by 50 basis points, marking the first rate reduction by the central bank in four years.