A Bitcoin wallet dormant since 2010 has transferred 2,000 BTC, valued at approximately $178 million, to Coinbase on November 15, 2024.

This movement, tracked by Lookonchain, highlights the reactivation of Satoshi-era wallets, a rare occurrence that often captures significant attention in the cryptocurrency market.

The wallet originally received Bitcoin when the price hovered below $0.10, a stark contrast to today’s valuation nearing $90,000 per BTC.

The owner, likely an early miner, maintained possession for 14 years, encompassing a period when Bitcoin’s creator, Satoshi Nakamoto, was still active online.

Such long-term holding underscores the value trajectory of Bitcoin and the resilience of early adopters who held through years of volatility.

While millions of bitcoins mined in this era are considered lost, movements from dormant wallets remind the market of Bitcoin’s storied history.

Transfers of Satoshi-era coins to exchanges frequently signal selling intentions, prompting market speculation.

However, the broader cryptocurrency market appeared unfazed by this whale’s activity.

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