- According to on-chain data, 500 BTC was suddenly moved from a Satoshi-era wallet.
- Bitcoin wallets were last traded when the BTC price hovered near $8.
According to on-chain data, a Bitcoin wallet that last traded nearly 12 years ago suddenly moved all 500 BTC it was holding.
According to Data Lookonchain shared As of March 30, the wallet had been inactive since July 2012.
The last transaction that sent 500 BTC to the wallet was when the Bitcoin price was only $8, Lookonchain noted.
The wallet, which had been dormant for 11.7 years, transferred all 500. $BTC($34.78M) added to several new wallets.
This wallet received 500 $BTC(then $3,786) on July 14, 2012 $BTC The price was only $7.57.
address:
1LUDXsAT6fQypinRbqVKatMiAbv6o9HjBc pic.twitter.com/zP3A3GlQHT— Lookonchain (@lookonchain) March 30, 2024
The identity of the wallet owner is unknown, but the transfer to the new address comes as the price of Bitcoin hovers around $70,000. The benchmark cryptocurrency hit a new all-time high above $73,000 this month.
At current prices, the value of the transferred coins is approximately $35 million.
In April last year, another Satoshigui wallet was awakened after 10 years. The wallet, which holds 1,128 BTC and was last active in 2012, transferred 279 BTC. The last transaction from this wallet was when Bitcoin price was around $12.