Three Satoshi-Era Bitcoin Wallets Come to Life! But Only to Kill BTC

Whale Alert tweeted that three Bitcoin addresses have been activated after 12 years

At a time when BTC is on a wide swing and being pushed up and down due to extreme instability, three Satoshi-era Bitcoin wallets have shown signs of movement in the past week. But cryptocurrency investors are debating whether to take it positively or negatively. With Twitter going insane over the unprecedented moves in the Bitcoin wallets, some even mock that the owners might've forgotten the keys and remembered now or been in jail for the past 12 years.

News: Whale Alert, a crypto service that tracks large transactions, tweeted that three Bitcoin addresses have been activated after more than a decade. Initially, the crypto tracker reported three Bitcoin wallets containing 50 BTCs coming to life on April 8.

These wallets were in use even before Laszlo Hanyecz bought two pizzas for 10,000 BTC, which was familiarly known as 'Bitcoin Pizza Day'.

After this movement was brought to light, the social media community has gove crazy, debating the reason behind the incident. While some say that it could be because they found the key after a long time, some others opine that the owners could've been in jail for 12 years.

However, back in Satoshi's era, when Bitcoin was not even seen as an investment model, people used to transfer BTC for fun. A decade back, nobody realized what they were playing with.

Recent Similar Incidents: In October 2020, a miner transferred one last 2010 block mined, to finish off the group of transactions making it a total of 21 consecutive 2010 block rewards moved.

A Bitcoin wallet that was dead for almost nine years came to life in September 2021. The address holds a total of 616 BTC tokens.

Towards the end of 2021, a similar BTC movement happened. A dormant Bitcoin wallet was activated in the early 2010s that contained over US$15 million. The account that hasn't been active since 2013 came to life at the time.

The most recent dead-to-life Bitcoin movement happened in March 2022. An address containing US$200 million worth of BTC has been activated for the first time in 11 years.

Is it Satoshi by Any Chance: Despite the growth of the cryptocurrency market, the identity of the person behind Bitcoin's success, Satoshi Nakamoto, still remains uncovered? Although some belief him to be a person, some say Satoshi could be a group of IT professionals and cryptographers.

However, every time an old Bitcoin wallet catches attention, people relate it to Satoshi. Unfortunately, none of them have proved to have any connection with the BTC founder so far.