Wild Satoshi Theories: 50 BTC Just Moved For First Time Since 2009

50 BTC from February 9, 2009, was moved from the original block reward address to another address. The movement of coins caused a great commotion throughout the cryptocurrency community, as some individuals assumed it may have been the mysterious Satoshi Nakamoto.

The findings arising from a popular Twitter bot account that tracks on-chain transactions for multiple blockchains, tweeted that 40 BTC were transferred from a “possible Satoshi owned wallet.” The price dipped as the tweet quickly went viral.

That the coins were old (mined in 2009) and inactive (not moved until Wednesday) is the only link possibly connecting them to Nakamoto.

Commenting on the market’s reaction, Hunter Merghart, head of U.S. operations at Bitstamp, said sellers on the exchange “got good fast liquidity and buyers were there to fill it. Everything worked as designed.”

[image: Pixabay]

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