On September 21, 2024, an early Bitcoin wallet suddenly became active after 14 years, according to a report from Whale Alert.
The wallet, identified as 1C4rE41Kox3jZbdJT9yatyh4H2fMxP8qmD, received 50 BTC on January 29, 2009, as a reward for mining block number 2,247. After 14 years, the wallet transferred all 50 BTC to a SegWit address.
This event is believed to be a mere transfer of coins to a more modern wallet rather than a sale or liquidation.
Bitcoin’s price remained in a positive trend on September 22, 2024, consistently holding above the $60,000 level and recording a 4% increase over the past week.
Satoshi Believed to Hold One Million BTC
Satoshi Nakamoto mined Bitcoin’s first block on January 3, 2009, using a regular computer before specialized mining hardware emerged. Nakamoto is thought to control over 1 million BTC spread across various addresses. If these coins were to move, it could significantly impact the market.
However, Nakamoto stopped participating in Bitcoin development in December 2010 and disappeared in April 2011. To this day, his wallet has shown no signs of activity, providing reassurance that no large-scale sales will occur from this address.
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