Activated Satoshi-Era Bitcoin Address with 500 BTC Now Worth 2,808x More Than in 2011

Bitcoin

Another dormant Bitcoin wallet from the times of Satoshi has been brought back to life

Whale Alert tweeted that over 17 hours ago a dormant Bitcoin address that hadn’t done any transactions since 2011 had been activated, making its owner a new Bitcoin millionaire. In 2011, the mysterious creator of Bitcoin Satoshi Nakamoto still had not chosen to disappear, leaving his monumental invention to the community of crypto developers eager to take over.

Dormant wallet sending 500 BTC after 2,808x rise

The anonymous owner of the 1NxPnUoJ3HinAacVNRod3sTcBLvWt3hKGx wallet has transferred 500 Bitcoins for the first time in 10 years. This amount of BTC back then cost $8,425 and is now worth a whopping $23,665,502, rising 2,808x times.

Another dormant wallet “waking up” two hours earlier

Just hours before this tweet, crypto tracker Whale Alert reported that another dormant BTC address had been activated, sending out the same amount of flagship crypto: 500 coins.

The address was different from the first one—1AEFS8s27coKMopmsPjeBeecEiVc74iXkM—however, curiously, links to detailed data show quite a different amount of Bitcoin. For the first wallet, it is 165.3338 BTC (worth $7,781,920 now), and for the second one, it is also not 500 but 170.031 BTC, the equivalent of $8,119,302.

It is likely that Whale Alert’s Twitter account mistakenly posted incorrect numbers as both wallets, according to the tweets, sent the same amount of BTC: 500 coins.

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