{"id":14936,"date":"2024-07-03T17:47:23","date_gmt":"2024-07-03T14:47:23","guid":{"rendered":"https:\/\/forklog.com\/en\/dormant-33-99-btc-from-satoshi-era-resurfaces\/"},"modified":"2024-07-03T17:47:23","modified_gmt":"2024-07-03T14:47:23","slug":"dormant-33-99-btc-from-satoshi-era-resurfaces","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/dormant-33-99-btc-from-satoshi-era-resurfaces\/","title":{"rendered":"Dormant 33.99 BTC from Satoshi Era Resurfaces"},"content":{"rendered":"<p>On July 2, 33.99 BTC, inactive since June 2011, were moved. The unknown owner distributed assets worth over $2.1 million between two addresses.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">? A dormant address containing 33 <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a> (2,142,474 USD) has just been activated after 13.0 years!<a href=\"https:\/\/t.co\/3W6CV0avC8\">https:\/\/t.co\/3W6CV0avC8<\/a><\/p>\n<p>\u2014 Whale Alert (@whale_alert) <a href=\"https:\/\/twitter.com\/whale_alert\/status\/1808009908110905351?ref_src=twsrc%5Etfw\">July 2, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The transfers amounted to 30.66 BTC and 3.33 BTC with fees of $1.13 and $0.94 respectively.<\/p>\n<p>The bitcoins, dormant for 13 years, are part of a 50 BTC reward <a href=\"https:\/\/www.blockchain.com\/explorer\/addresses\/BTC\/17WE71pfqEPe3CoYBe2zzYcdtZ4Um51Sy5\">received<\/a> by a miner for a block on July 16, 2010. Just 10 days later, the assets were split between two new wallets: 44 BTC and 6 BTC.<\/p>\n<p>At that time, the first cryptocurrency was valued significantly below $1. On May 22, 2010, programmer Laszlo Hanyecz <a href=\"https:\/\/bitcointalk.org\/index.php?topic=137.0\">purchased<\/a> two Papa John\u2019s pizzas for 10,000 BTC (at $0.0025 per coin). This is considered the first real-world purchase with digital gold and is annually <a href=\"https:\/\/u1f987.com\/en\/news\/celebrating-bitcoin-pizza-day-binance-contests-and-paolo-ardoinos-greetings\">celebrated<\/a> by the community as Bitcoin Pizza Day.<\/p>\n<p>On June 18, 2011, the 44 BTC were again split into two wallets, similar to the previous transfer: 33.99 BTC and 10 BTC.<\/p>\n<p>In 2020, the dormant address holding the first sum received four transactions of 0.00000547 BTC from August to September. This was likely due to a series of &#8220;dusting attacks,&#8221; as <a href=\"https:\/\/www.reddit.com\/r\/Bitcoin\/comments\/idsza6\/why_always_000000547_btc\/\">reported<\/a> by users. <\/p>\n<p>By sending the smallest possible transactions, attackers attempt to deanonymize users by analyzing metadata, studying their financial flows and habits for potential phishing.<\/p>\n<p>According to an April <a href=\"https:\/\/finance.yahoo.com\/news\/old-bitcoin-wallets-keep-waking-131642155.html?guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&#038;guce_referrer_sig=AQAAAGBVc1KoJvujzsFZp-s_GK71IvBRm8BNp6DkzXS-0h91Ou41RnqU30hR3GV3g5c3tKxEvyl0Q9NsHLF20-sg12jgReB9qw1Dt8roGLG5MoF7PQoZeByqRLQK224CE4oxSsUH5SodR4if393SvukYDLjEsFOsInLKlLzO3HA8HAw7&#038;guccounter=2\">report<\/a> by Chainalysis and Fortune, 1.75 million bitcoin wallets have been inactive for over 10 years. They hold 1,798,681 BTC (~$121 billion at the time of the report), accounting for 8.5% of the total supply.<\/p>\n<p>This count excludes about 30,000 addresses associated with the creator of the first cryptocurrency, Satoshi Nakamoto.<\/p>\n<p>Thus, any movement of coins from the early era attracts community attention. In May, an unknown whale moved 687.33 BTC ($43.94 million at the time of the transaction) for the first time since 2014, while another user moved <a href=\"https:\/\/u1f987.com\/en\/news\/dormant-bitcoins-worth-61-million-stir-after-a-decade\">1,000 BTC<\/a> (~$61 million), dormant for the same period.<\/p>\n<p>In June, a miner transferred 50 BTC to Binance, received for a block mined on July 14, 2010.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On July 2, 33.99 BTC, inactive since June 2011, were moved. The unknown owner distributed assets worth over $2.1 million between two addresses. ? A dormant address containing 33 #BTC (2,142,474 USD) has just been activated after 13.0 years!https:\/\/t.co\/3W6CV0avC8 \u2014 Whale Alert (@whale_alert) July 2, 2024 The transfers amounted to 30.66 BTC and 3.33 BTC [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14935,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1227],"class_list":["post-14936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-transactions"],"aioseo_notices":[],"amp_enabled":true,"views":"7","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/14936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=14936"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/14936\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/14935"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=14936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=14936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=14936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}