“Satoshi’s wallet sells $7 million”? I checked with AI
For the past couple of days, claims have been circulating everywhere that “Satoshi’s wallet, dormant for 16 years, is dumping.”
The truth: On the 13th, two addresses from coins mined in 2010 did indeed transfer a total of about 100 BTC to new addresses.
But there’s no sign on-chain that the coins went to an exchange, no evidence they were sold, and these addresses don’t belong to Satoshi himself.
A lot of old coins have been waking up lately. Behind this is a New York lawsuit seeking to claim ownership of dormant addresses on the grounds that they’re “unclaimed,” so it’s perfectly normal for holders to move their coins to prove they control them.
100 BTC is negligible compared with daily trading volume. Don’t let fearmongering headlines sway you 🧘
#BTC #On-chainData #FactCheck
For the past couple of days, claims have been circulating everywhere that “Satoshi’s wallet, dormant for 16 years, is dumping.”
The truth: On the 13th, two addresses from coins mined in 2010 did indeed transfer a total of about 100 BTC to new addresses.
But there’s no sign on-chain that the coins went to an exchange, no evidence they were sold, and these addresses don’t belong to Satoshi himself.
A lot of old coins have been waking up lately. Behind this is a New York lawsuit seeking to claim ownership of dormant addresses on the grounds that they’re “unclaimed,” so it’s perfectly normal for holders to move their coins to prove they control them.
100 BTC is negligible compared with daily trading volume. Don’t let fearmongering headlines sway you 🧘
#BTC #On-chainData #FactCheck