A Bitcoin (BTC) wallet from the Satoshi era, which had been dormant for 14 years, recently drew market attention with a large-scale transfer. The 100,000 BTC (approximately 11.9 trillion won) was confirmed to have been sent from 8 wallets that had not been active since 2011, and some communities even suggested these wallets might be connected to Bitcoin's creator, Satoshi Nakamoto. However, the key speculation was essentially refuted by Coinbase director Conor Grogan's public rebuttal.
These previously silent wallets moved 10,000 BTC each to SegWit addresses last Friday. This is one of the largest single transfers in recorded history, totaling approximately 8.6 billion dollars (about 11.954 trillion won). Notably, these addresses had no transaction history since 2011, leading the community to speculate they might belong to early Bitcoin users or 'OG (Original Gangster)' assets.
Particularly, following the controversy about early users sparked by the XRP developer Ripple's CTO revealing his mined Bitcoin, the community continued heated discussions about these wallets. A social media user presented a screenshot suggesting the wallet address was mentioned in a Bitcoin forum in 2013 and had a 1.5 BTC transfer record, fueling speculation. However, Grogan directly published blockchain tracking data and dismissed the rumors, stating "This payment record does not exist. It's just a fabricated claim."
Additionally, the on-chain analysis platform Arkham analyzed that these 8 wallets likely belong to one person or organization. Arkham added, "It appears they transitioned from previous addresses to the new bc1q format, with no signs of selling." In other words, it's interpreted as a simple address upgrade process.
This incident is spreading into a debate about whether the movement of Satoshi-era assets is merely a 'technical measure' or a market strategy signal, stimulating the market's sensitive reaction to Bitcoin's holding structure and liquidity. Especially against the backdrop of Trump's pro-cryptocurrency stance, these movements are drawing even more market attention.
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