According to Arkham Intelligence, a blockchain analytics platform, a Bitcoin address from the early days of the cryptocurrency has made a transfer after a long period of dormancy.
The whale in question recently moved BTC worth $630,000 to the Kraken crypto exchange. This address mined its Bitcoin just a month after the first block was created on January 13, 2009. Interestingly, in the past two months alone, the wallet has transferred nearly $5.5 million worth of Bitcoin.
After these significant transactions, the wallet still holds around $75.23 million in Bitcoin. The previous movement occurred on October 7 and was of a similar value. These actions from one of Bitcoin’s earliest adopters have reignited speculations about the identity of Satoshi Nakamoto, the pseudonymous creator of the cryptocurrency.
Recently, an HBO documentary suggested that Peter Todd, a well-known BTC developer, might be Satoshi. However, Todd denied these claims, and the Bitcoin community largely rejected the theory. While some speculated that this recent wallet activity might be linked to Satoshi, it seems unlikely.
For example, in May 2020, a similar speculation arose when a dormant wallet made a transfer, briefly affecting the value of the digital asset. However, further analysis showed that it was not connected to the mysterious creator. As of the time of writing, Bitcoin’s price remains stable at around $65,406, reflecting a 2.45% increase in the past 24 hours.