Notable Bitcoin Transaction to Satoshi Nakamoto’s Address
According to data from Arkham, an anonymous sender has made a notable transaction of 2.565 BTC, valued at approximately $181,000, to the original Genesis address associated with Bitcoin’s creator, Satoshi Nakamoto, over the weekend. This transaction raises eyebrows as the coins are likely unrecoverable due to Satoshi’s wallets being dormant since 2010, leading to questions about whether this was an inadvertent mistake—maybe the sender copied the address incorrectly—or if it was a deliberate act, potentially aimed at “burning” the coins.
Recent Activity in Satoshi’s Wallets
Recently, there have been minimal transfers into Satoshi’s wallets, usually around $2 to $54 or so, mostly suspected to be spam transactions. However, the significant transfer of nearly $181,000 stands out starkly against this backdrop.
Estimated Wealth of Satoshi Nakamoto
Nakamoto is estimated to possess over one million BTC, with current estimates suggesting roughly 1.096 million BTC, valued around $75.36 billion based on current prices. This wealth originates from Bitcoins mined during the early years of the cryptocurrency, specifically from 2009 to 2010, and is held across about 22,000 different addresses.
Market Activity and Bitcoin’s Recent Decline
Remarkably, despite the massive worth of Satoshi’s holdings, there has been no activity on these wallets since 2010, with the last recorded transactions occurring 16 years ago. Recent rumors suggesting any sales by the Bitcoin founder have been debunked.
In the broader crypto market, Bitcoin has recently seen a decline, dropping 2.65% in the past 24 hours to trade at $68,761 amid a wave of sell-offs that resulted in $361 million in liquidations. After a brief surge last Friday, where prices rallied from $60,001 to $71,707, Bitcoin has since settled into a trading range of $67,293 to $72,323 as investors await forthcoming market developments.
Upcoming Economic Indicators
This week is expected to be busy with critical economic indicators, including the delayed nonfarm payroll report for January, the January consumer price index—which was also postponed due to a recent shutdown—and retail sales figures for December due on Tuesday, along with Thursday’s weekly jobless claims report.
