In a shocking development, five dormant Satoshi-era Bitcoin wallets have reactivated after more than 15 years of inactivity, according to Lookonchain data. These Satoshi-era Bitcoin wallets, believed to belong to the first miners, transferred 250 of this digital currency with a total value of approximately $29.64 million to new SegWit addresses.
This unprecedented move has attracted the attention of analysts and traders as well as new concerns related to the future price of Bitcoin and market stability.
These accounts have been silent for over 15 years, earning money in the form of mining rewards while BTC traded below $0.10.
Satoshi Era Wallet from 2010 comes back to life
Five activated addresses related to block rewards mined on April 26, 2010, when BTC was still in its early stages. According to Onchain reports, each address holds 50 BTC, indicating they belong to individual early miners or possibly one person. After more than a decade of inactivity, this amount has been transferred to:
bc1qng4nps9ye7e5pfnd9hy687fygjgr3pq5xhsu4a
bc1q6n53469l6evqs05apy49pm7r0df0rxhv8cxndj
The reappearance of Satoshi-era Bitcoin has raised questions about the timing, purpose, and whether these wallets could be attributed to the mysterious Nakamoto or the original developers of the first cryptocurrency.
The recent sell-off of 80,000 by a whale adds to the mystery.
This is not the first time Satoshi-era Bitcoin has been volatile. On July 4, 2025, a 'whale' holding over 80,000 BTC purchased in 2011 for only $132,000 began to sell.
In three days, this address sold its entire amount valued at $9.53 billion, with an average price of $118,834.
40,192 BTC was eventually transferred to Galaxy Digital, which then sent 6,000 BTC to Binance and Bybit for sale.
This original holder, referred to by some as a Bitcoin OG, has earned a massive amount up to 72,000 times.
While the owners are still unknown, some speculate a potential connection to Nakamoto's Bitcoin wallet, who is estimated to hold over 1.1 million BTC.
Why are Satoshi-era Bitcoin wallets moving now?
The timing of these actions is hard to overlook.
Bitcoin's continuous price surge in July 2025 pushed the price above $120,000.
The recent policy action by the Federal Reserve has put the market on edge.
The Bollinger Bands are tightening, causing this coin to oscillate between $170,000 and $180,000 for an extended period. This signals a significant price volatility in the near future.
The coin is currently trading at $118,504 with a 0.4% increase in one day, while trading volume surged by 13% to $71.69 billion.
Amid all this, the revival of this long-dormant wallet may not be a mere coincidence.
Analysts suggest that these actions could be to take profits before the market may reverse. Others argue that the reason is to update security, plan for succession, or individually recover previous keys.
What does this mean for the future of Bitcoin?
So far, Satoshi-era Bitcoin has yet to reach exchanges, indicating that a sell-off may not occur in the short term.
But when combined with the recent liquidation of 80,000 currencies, this indicates that some original holders are lining up to sell, possibly due to the market maturing.
However, the Bitcoin market remains very strong. The ETF inflows from institutions, along with the continuous accumulation by whale investors and increased adoption, lay the groundwork for sustainable growth.
However, with more and more addresses coming back to life, traders are closely monitoring potential shocks.
Conclusion
The sudden activity of the Satoshi Era wallet in 2025 and the sale of 80,000 BTC could mark a significant shift in the cryptocurrency space.