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A Bitcoin whale unexpectedly transferred BTC worth $30 million after 8-year invisibility. On 20 November 2012, the same wallet received 1,000 $BTC worth about $567,600 (at that time). That is according to reports from Blockchain.

The BTC stayed inactive in one wallet until the user moved it with a large block, sending around 2,100 $BTC to two different addresses. One address collected 2,000 $BTC, whereas the other received more than 99.99 $BTC.

BTC Actions in Dormant Addresses

1,000 $BTC were worth approximately $30,090,000, over 53-timed the 2013 price, when BTC changed hands at $567. The transaction cost 0.0016 $BTC in charge, nearly $47.15 during the execution.

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The previous eight years had the inactive whale address receiving BTC trade amounts 23 times. It seems they targeted dust attacks.

What’re dusting attacks? These are where scammers and hackers send tiny amounts of BTC (or any crypto) to alter the address’ security.

The renowned blockchain platform, Whale Alert, tracked the transaction and tweeted the inactive wallet with 1,000 BTC ($30,395,186) activated its undertakings after eight and a half years (worth $468,643 in 2013).

Also, Blockchain notes another address that stayed inactive since 2012 before transferring 500 Bitcoin on Thursday. The wallet received the initial deposit (1 BTC) on 5 April 2012. It also collected 499 Bitcoins on 3 June that year. BTC price was $5.25 only per token during these transactions.

Meanwhile, the address received small BTC amounts throughout the period, which seems to come from scammers targeting dusting attacks.

Satoshi Nakamoto’s Contribution and Remarks

Bitcoin creator has remained anonymous for years, by crypto enthusiasts believe they know/her. The speculation spark media interest whenever dormant wallets transact. The community generates theories that the moved BTC might belong to the secretive inventor, Satoshi Nakamoto.

Nakamoto introduced the initial block on 3 January 2009. It has mined nearly 1,000,000 $BTC since then (according to Blockchain experts’ assessments).

In December 2010, the anonymous creator established his presence on the web. That was when the BTC network was on the 0.3.19 software version. Now, the BTC version is 22.0.

BTC recovers from massive dips. While publishing this post, the token surged 13.5% from its 2022 lows, trading at $29,353.

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Franklin Smith

By Franklin Smith

Franklin Smith is a Senior Crypto Journalist and Analyst at Herald Sheets, with over seven years of experience in the cryptocurrency and blockchain industry. Known for his insightful articles and in-depth analysis, he is an influential voice providing valuable insights to investors and enthusiasts. Franklin holds a bachelor's degree in Journalism and Communications from the University of California, Berkeley.