Satoshi-Era Bitcoin Address From 2010 Suddenly Activates With $3.4 Million - Cryptonews.net
Two Bitcoin addresses from 2010, each holding 50 BTC worth approximately $3.4 million, have suddenly become active after being dormant for over 16 years.
The addresses became active on November 13, with each transferring 50 BTC worth approximately $3.4 million at the time of activation. These movements represent significant value from Bitcoin's earliest days when the cryptocurrency had just begun to develop.
The dormant addresses had been inactive for 16.2 years. Back in Bitcoin's early days, these 50 BTC holdings were worth just $3 each, highlighting the extraordinary appreciation of the cryptocurrency over time.
Historical Significance
These addresses are particularly significant as they date back to what is known as the Satoshi era—2009-2010 when Bitcoin's pseudonymous founder was actively involved in the network's development. The 50 BTC holdings match the block rewards miners received during Bitcoin's first few years before its first halving in November 2012.
Bitcoin came into existence in January 2009. It initially carried a block reward of 50 BTC.
Recent Pattern
These activations follow a series of similar movements involving long-dormant crypto addresses. On October 22, a Bitcoin address with 170 BTC worth $14.38 million became active after 13 years. On October 20, a dormant address with 500 BTC worth $41.54 million activated after 10.7 years.
The crypto analytics platform Arkham later linked the 500 BTC transaction to addresses belonging to convicted Irish drug dealer Clifton Collins, whose crypto holdings were previously considered inaccessible. On October 17, Whale Alert tracked activity involving old Bitcoin addresses holding 248 BTC and 167 BTC worth approximately $20.24 million and $13.65 million respectively.
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