A Bitcoin address originating from the early days of cryptocurrency mining, commonly referred to as the ‘Satoshi era,’ executed a major transaction, transferring 1,000 BTC—valued at approximately $85 million at the time of the move—after lying dormant for 13 years. Blockchain analysis indicates the coins were first acquired or mined in 2011, making the owner one of Bitcoin’s earliest adopters, often termed a ‘whale.’ The funds were moved in two tranches to new addresses. While the precise motivation remains unknown, such movements generally trigger intense market speculation. They can signal imminent selling pressure if the funds are routed to centralized exchanges, or merely represent an address consolidation and migration to new, more secure cold storage protocols. This sudden activity underscores the vast, untapped wealth held by early participants and serves as a periodic reminder of the unique distribution of Bitcoin during its initial years.
Source: Satoshi-era whale moves $85M in Bitcoin after 13 years
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