In the early hours of January 5, an interesting Bitcoin transaction linked to Satoshi Nakamoto’s wallet sparked conversations in the community.
An anonymous user sent 26.9 bitcoins, worth $1.17 million, to the Genesis wallet, the first wallet created on the Bitcoin network. This deal has sparked curiosity and speculation in the cryptocurrency space, as the funds are unlikely to be recovered.
Mysterious Bitcoin transaction to Genesis Wallet
The sender initiated the transfer from a now empty wallet, with the transaction fee significantly amounting to $100, which is much higher than the average transaction fee observed on the Bitcoin network. Measuring the wallet’s asset revealed that funds moved from three wallets to 12 other wallets before arriving at the Genesis wallet.
Notably, a significant portion of the funds can be traced back to a wallet linked to Binance. Arkham Intelligence, a blockchain analytics platform, identified the majority of funds coming from this Binance wallet.
The Genesis wallet holds a unique place in Bitcoin history, being the first wallet ever created on the network. It was founded by a pseudonymous entity known as Satoshi Nakamoto, the mysterious inventor of Bitcoin.
Originally containing 50 mined bitcoins, the Genesis wallet received a boost in funds from the global bitcoin community on its anniversary, bringing the balance to 72 bitcoins by 2023. The latest transaction boosted it significantly to 99.67 bitcoins, which it is now worth $4.3 million. .
Is Satoshi Nakamoto awake?
Nakamoto not only created the pioneering cryptocurrency, but also likely mined many blocks during the early days of the network’s existence. The exact number of blocks mined by Nakamoto remains uncertain.
Despite the theoretical possibility that Nakamoto may still have the private keys to access the Genesis wallet and other associated wallets, experts point out that such a scenario is highly unlikely. No movement in funds linked to Nakamoto, including those in the Genesis Group, has been detected since Nakamoto’s unexplained disappearance in December 2010.
Coinbase Director Conor Grogan subscriber On The executive also suggested that this may be a marketing ploy for the ETF.