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- The crypto tracking company Whale Alert has staggered the crypto market today by reporting a huge amount of Bitcoin (BTC) transfer from a wallet that was inactive for 11 years.
- Besides this, Luke Martin from Venture Coinist believes this is due to the sudden fall in the price of Bitcoin.
- The official account of Whale Alert company on Twitter has exposed many large transactions extending from 145 BTC to 5,000 BTC.
The crypto tracking Whale Alert company has staggered the crypto market today by reporting a huge amount of Bitcoin (BTC) transfer from a bitcoin wallet that was inactive for 11 years.
Does this suspicious transaction correlate with Nakamoto?
The BTC was mined back in February 2009 and remained latent till now. However, it was highlighted today when it was suddenly sent to two anonymous addresses in a single transaction.
https://www.instagram.com/p/CAalt0GgFvu/?igshid=rfylodgubewn
Moreover, a crypto speculator Joseph Young stated that the person or group behind this transaction has close bonds with the creator of Bitcoin, Satoshi Nakamoto.
50 BTC from Feb 2009 is moving.
That's just one month after first bitcoin block was mined. There is not a lot of people who can do this, perhaps close associates of Satoshi.
My question is why, not who, is sending 50 BTC for the first time in more than 10 years.
— Joseph Young (@iamjosephyoung) May 20, 2020
Besides this, Luke Martin from Venture Coinist believes this is due to the sudden fall in the price of Bitcoin.
Some $BTC from 2009 just moved and it didn't take long to spook the market.
h/t @glassnode pic.twitter.com/Y1sFLswmSY
— Luke Martin (@VentureCoinist) May 20, 2020
Transactions from major exchanges
In the race of tweets, the CEO of Blockstream Adam Back stated that the traders should relax. He added if Satoshi was selling coins, then it is a possibility that he would sell his most recent mined coins. As per him, the owner of the anonymous wallet is maybe an early miner.
people need to chill. if Satoshi was selling coins, surely he would sell his most recently mined, and so most anonymous first. plus this patoshi research is pretty much guessing, probably he has less coins than people think, and you'll be doxing random early miners wrongly next.
— Adam Back (@adam3us) May 20, 2020
The official account of Whale Alert on Twitter has exposed many large transactions extending from 145 BTC to 5,000 BTC. Also, it stated, 5,000 BTC, transferred to an anonymous wallet from Bitfinex exchange.
Additionally, a significant amount of BTC, transferred from OKEx. Also, again 3,164 BTC, transferred from the OKEx to an anonymous wallet.
As per CoinMarketCap, the current price of BTC is $9,503.21 with a drop of 2.46% at the time of writing this article.
Thus, it can be assumed that whoever is moving Bitcoin to anonymous wallets certainly has some very strong hands.
