Whale Wallet with 2142474 in Bitcoin Suddenly Active After Dormancy of Over 13 Years
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Whale Wallet with 2142474 in Bitcoin Suddenly Active After Dormancy of Over 13 Years

An ancient wallet holding Bitcoin has recently come alive after being dormant for 13 years, moving over $2.1 million worth of BTC in a surprising transaction.

According to the crypto tracker Whale Alert, the wallet transferred 33.99 BTC to two different wallets, marking its first legitimate activity since June 18th, 2011, when the same Bitcoin was valued at just $584.

These kinds of transactions from long-dormant wallets often spark speculation in the media, with many wondering if the Bitcoin could be linked to Satoshi Nakamoto, the mysterious creator of Bitcoin. Nakamoto is believed to have mined one million BTC, starting with the genesis block reward of 50 BTC on January 3rd, 2009, before disappearing from the project in mid-2011.

The last known public appearance of Satoshi was in December 2010 on the BitcoinTalk forum, discussing a software update to enhance security against denial-of-service attacks.

The Whale Alert-identified wallet has received small amounts of Bitcoin over the years, likely due to dusting attacks where hackers send tiny amounts of cryptocurrency to numerous wallets to compromise privacy and track transactional activity.

Investors are advised to conduct thorough research before engaging in high-risk investments in Bitcoin or other digital assets. The Daily Hodl does not provide investment advice and is not responsible for any losses incurred.

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