An ancient Bitcoin whale has made waves in the crypto waters, shifting long-dormant BTC to Kraken. This Bitcoin, mined during the early days of Satoshi’s creation, has sparked chatter across the cryptosphere. The whale, holding coins mined in the first two months of Bitcoin’s existence, moved 10 BTC worth $610,000 on October 3, according to Arkham Intelligence.
Dormant for a Decade, Awakened by Kraken Transfers
The Bitcoin whale’s wallet had stayed silent for nearly 10 years, hibernating through the wild price swings and crypto storms. But suddenly, it’s back in action. Since September 24, the whale has moved a total of $3.58 million in Bitcoin to Kraken. Before this activity, it hadn’t budged much since its early movements between 2011 and 2014.
Arkham Intelligence noted the wallet saw its value balloon from a modest $474K to an astronomical $80 million over the years. Now, this ancient address — “3JZsd…QerUW” — still clutches 1,169 Bitcoin, worth a hefty $72.4 million. But the wallet’s recent activity has stirred speculation, especially as the cryptosphere awaits the HBO documentary “Money Electric: The Bitcoin Mystery,” scheduled for October 8.
Satoshi Theories Resurface Amid Whale’s Moves
What’s most tantalizing for crypto sleuths isn’t just the whale’s movements but the timing. The whale’s moves coincide with growing rumors around Bitcoin’s enigmatic creator, Satoshi Nakamoto. The upcoming documentary hints that deceased cypherpunk Len Sassaman might be unmasked as Satoshi. Sassaman’s involvement with privacy tech and cryptography runs deep, but his widow Meredith Patterson denied that Sassaman had anything to do with Bitcoin’s origins.
Still, the crypto world is buzzing. Sassaman, who tragically died in July 2011, has been linked to Bitcoin due to a mysterious memorial embedded in Block 138,725 of the Bitcoin blockchain. Some believe this was a nod to his contributions to the cypherpunk movement.
BTC Price Edges Up, But Stays Below ATH
Bitcoin’s price is inching up, currently trading at $61,815, according to CoinGecko. The whale’s recent moves don’t seem to have rocked the market, but BTC remains 16% down from its March all-time high of $73,738. Traders and crypto enthusiasts are left wondering: who’s behind the wallet, and why now? With the HBO documentary set to air soon, more clues might be just around the corner.
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