A dormant 2012 wallet has woken up, and 279 BTC have been moved.
Satoshi’s wallet, which is based on data from the chain, contains 1,128 Bitcoin valued at $31.6 million.
The wallet’s last transaction was when Bitcoin prices were between $12 and $95.

While Bitcoin price continues to flirt with $28,000 after this week’s slump from $30,000, a new development related to the leading cryptocurrency has been observed.

Dormant wallet moves 279 BTC

Details of the chain shared By crypto account Whale Alert, BTC wallets that have been dormant over the past 10 years were just reawakened. Satoshi wallet, reportedly holding 1,128 bitcoins worth $31.6 million.

💤 💤 💤 💤 A dormant address containing 1,128 #BTC After 10.5 years, the (31,587.849 USD) account has been activated!https://t.co/W87gdQJ0lo

— Whale Alert (@whale_alert) April 21, 2023

Lookonchain, a smart money platform on-chain, has moved 279 BTC in assets to three new addresses within the past 24 hours. Lookonchain is an on-chain smart money platform. tweeted:

“Whale with 1,128 $BTC The $31.6M that was dormant in the bank for 10 years has now been transferred to 279 $BTC Just now, $37.8M has been transferred to three new addresses. Whale received 1,128 $BTC Prices were $12 and $295 in October 2012, and in May 2013.”

A whale with 1,128 $BTC($31.6M) that has been dormant for 10 years transferred 279 $BTC($7.8M) to 3 new addresses just now.

The whale received 1,128 $BTC in October 2012 and May 2013, when prices were $12 and $195.https://t.co/2MxnVzcEMl pic.twitter.com/2GM7Oq4e2P

— Lookonchain (@lookonchain) April 21, 2023

The wallet would have had a greater value if it was activated in November 2021 when the bitcoin price peaked at $69,000. The sudden activity is still being investigated. crypto twitter The news is met with speculation about the possibility that someone may have just found their own seed phrase.