Bitcoin continued to fluctuate narrowly around $61,000 over the weekend. In the meantime, two wallets that had been dormant for 10 years and 8 months transferred a total of 1,000 bitcoins (approximately $61.4 million) last night, causing attention within the community.
(Bitcoin fluctuates narrowly around $61,000 over the weekend, market focus this week: Fed Chairman Powell’s speech, US April CPI, PPI inflation data..)
(Background supplement: After 12 years of dormancy, “Satoshi Nakamoto’s fellow miner” mined a thousand bitcoins in two weeks, increasing the value of BTC by 22,560 times)
Bitcoin has been fluctuating narrowly around $61,000 over the weekend, with multiple attempts to surpass $62,000 unsuccessful. At the time of writing, it is temporarily reported at $61,397, a slight increase of 0.74% in the past 24 hours.
At this time, according to blockchain data analysis company “Lookonchain,” in a post last night, two wallets that had been dormant for 10 years and 8 months transferred a total of 1,000 bitcoins (approximately $61.4 million) within half an hour. Since the time of receiving and transferring BTC was very close for these two wallets, it is highly likely that they are owned by the same person or entity.
On September 12, 2013, the wallet “1dujuh…” received 500 BTC (worth about $6,200 at the time).
On September 13, 2013, the wallet “16Vrqa…” received 500 BTC.
The community has various speculations. Since last night’s transfer, wallet “16Vrqa…” has already transferred 500 bitcoins to multiple different addresses, while the address from “1dujuh…” still holds its 500 bitcoins.
We cannot determine whether these two long-dormant wallets were awakened with the intention to sell bitcoins or merely to transfer funds to another address for safekeeping. Many netizens have left comments speculating possible reasons: “Finally found the mnemonic phrase”, “Are these the bitcoins seized by the US government from Silk Road?”, “Some even suspect it is held by the Musk team”…
The exact reason is still unknown, but in September 2013, the price of BTC was only about $120. If they had chosen to sell at that time, the profit would have been an astonishing 500 times!
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