Satoshi-era bitcoin wallet activated, holds $ 15 million after growing 2,290x
Cryptocurrency tracking service Whale Alert tweeted that an inactive Bitcoin wallet had been activated in the past eight hours. It hasn’t been active since 2013 – just a few years after the mysterious Bitcoin inventor Satoshi Nakamoto disappeared from the radar, bitcoins can still feel the shadow of its presence.
The wallet holds 321 bitcoins. Now that 8.8 years have passed, the value of this cryptocurrency has risen from just $ 6,594 to a whopping $ 15,103,046. So far, the bitcoin in the wallet has increased 2,290 times.
???? An inactive address contains 321 #BTC ($ 15,103,046) just capitalized after 8.8 years (valued at $ 6,594 in 2013)! HTTPS: //t.co/JCZ1I3yO6Y
– Whale alert (@whale_alert) December 21, 2021
In the comment thread, a Twitter user suggested several explanations for activating this wallet. They believe many decisions are possible here – from Satoshi Nakamoto, who decided to go back to a patient investor who would sell his BTC now, to someone who simply remembers the phrase from his seed for a bitcoin -Wallet.
In both the last year and this year, a number of Bitcoin wallets were activated that were inactive from 2011 to 2013 and held several tens of millions of dollars of the leading cryptocurrency.
In the past, the community feared such triggers for old wallets to “fall asleep” because whales transferring BTC from them could push the price of BTC down with their sales. For now, however, these moves will not affect the price of the leading digital coin.