Three Satoshi-Era Bitcoin Wallets Awaken As BTC Eyes New All-Time High

As a seasoned analyst with over two decades of experience in the financial markets, I must admit that watching these ancient Bitcoin wallets resurface is like witnessing a piece of history coming back to life. The sheer magnitude of returns these early adopters are enjoying is nothing short of phenomenal, especially when you consider the humble beginnings of Bitcoin and the skepticism surrounding its potential.


Notable blockchain investigator Whale Alert has discovered three old cryptocurrency wallets becoming active again after a prolonged period of inactivity. One of these wallets was last used in 2010 – the same year when the enigmatic Bitcoin creator Satoshi Nakamoto decided to depart, leaving control of BTC to dedicated developers.

As a researcher, I recently observed that these dormant digital wallets were awakened less than 48 hours ago. This coincides with Bitcoin, which has emerged as the global leader among cryptocurrencies, surpassing the $71,000 mark for the first time since June.

Satoshi-era wallets keep returning as BTC skyrockets

The data source recently shared news that, nearly one after another, three old Bitcoin wallets previously thought inactive have suddenly become active again.

On a Monday, one of them awoke to find 16 Bitcoins worth approximately $1.15 million, a value that originated from these Bitcoins being valued at around $2,160 each back in 2013. This represents an astounding 53,018.5% growth in earnings over the years, and this ‘whale’ had been dormant for approximately 11.1 years before reappearing.

The comeback of the other two wallets were spotted a few hours ago today. The first dormant address came back holding 28 BTC from the dormancy after 13.6 years. This means that it was last used in 2010, when Satoshi Nakamoto was still around and corresponded with the future BTC developers on the BitcoinTalk forum. 

💤 A dormant address containing 28 #BTC (1,995,139 USD) has just been activated after 13.6 years!

— Whale Alert (@whale_alert) October 29, 2024

Currently, the Bitcoins stored in this wallet amount to approximately $1,995,139. Compare that to 2010 when Bitcoin reached its peak value of only $0.30, and you’ll see that the initial 28 Bitcoins were worth just under $9. This implies that the owner of these Bitcoins has experienced an incredible 22,168,100% increase in return on their investment.

Bitcoin eyes new all-time high

Today, the wallet detected by Whale Alert with the highest crypto holdings contains approximately 749 Bitcoins, equivalent to around $53,227,433. This represents a staggering 667,412% increase in value compared to when this Bitcoin was last moved in 2012, which was worth just $7,974 at the time.

An inactive Bitcoin wallet holding approximately 749 coins, valued at around $53 million today, has unexpectedly become active again after being dormant for nearly 12 years, when the same amount was worth just over $7,900.

— Whale Alert (@whale_alert) October 29, 2024

The three digital wallets have been rekindled since Bitcoin started spiking and is approaching its previous record high from March. In mid-March, Bitcoin reached an all-time high of $73,750.07. Interestingly, despite the usual pattern, this year’s fourth Bitcoin halving occurred after BTC had already established a new all-time high.

Now, Bitcoin is trading at $73,750.07, aiming to surge to a new historic price peak.

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2024-10-29 12:12