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Burning over a million dollars! Why did the mysterious person transfer 27 Bitcoin to the 'Genesis Wallet'?
The first wallet created by Satoshi Nakamoto on the Bitcoin network—the 'Genesis Wallet'—received over $1 million worth of Bitcoin, and even though this wallet has never sent any transactions since day one, it still caused a stir in the cryptocurrency community, with some even speculating, 'Could it be that Satoshi is making a comeback?'
This mysterious transaction was initially discovered by Conor Grogan, the product strategy director at Coinbase. He posted on social media platform X on January 6, pointing out that an unidentified user sent 26.9 Bitcoin, worth approximately $1.17 million, to the 'Genesis Wallet.' He commented:
This mysterious transaction was initially discovered by Conor Grogan, the product strategy director at Coinbase. He posted on social media platform X on January 6, pointing out that an unidentified user sent 26.9 Bitcoin, worth approximately $1.17 million, to the 'Genesis Wallet.' He commented:
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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