Ancient Bitcoin Whale Moves $9,600,000 in BTC with 181,204% Profit in Sudden Awakening
A leading blockchain data monitoring site says a long-dormant Bitcoin (BTC) address is suddenly waking up after nearly 11 years of inactivity.
According to BitInfoCharts, the address, which was last active in October 2012, recently transferred 412 Bitcoin worth over $9.5 million in the transfer.
BTC was priced at around $12.50 when the wallet was created on October 1, 2012. Worth $22,663 at the time of writing, that BTC currently has 181.204% profit.
The long-dormant address moved Bitcoin to five different addresses – two addresses received approximately 177 BTC each, two more received 28.84 BTC each, and one received 0.12 BTC. The combined fee for the five multimillion-dollar transactions amounted to $2.84.
Prior to the recent activity, the Bitcoin address had only recorded four transactions, all deposits, from September 28, 2012 to October 1 of that year.
However, during its existence, the address has received trace amounts of Bitcoin. The small amounts of Bitcoin sent to the address may indicate that dust attacks have occurred. A dust attack involves sending insignificant amounts of crypto to an address for various purposes, including trying to reveal the owner’s identity and stealing data to carry out phishing scams.
Speculation usually arises when a large dormant Bitcoin wallet becomes active, as it raises the possibility that it is BTC owned by Satoshi Nakamoto, the pseudonymous creator of the flagship crypto whose identity and whereabouts remain unknown, suddenly on the move.
Satoshi Nakamoto, whose last online sighting was in December 2010 on the Bitcoin Talk online forum, is believed to own hundreds of thousands of BTC, according to blockchain researcher Sergio Lerner.
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