Is that you Satoshi? - The mysterious whale of the dormant Bitcoin address that wakes up after 11 years

The crypto world is saying that the anonymous founder of crypto, Satoshi Nakamoto, could be on the move. This comes after a mysterious whale moved 185 Bitcoin from a wallet that had been dormant for 11 years.

This transaction was first picked up by Whale Alert, a blockchain monitoring service, who immediately set off rumors within the crypto community.

Some crypto community members have proposed that the latest wallet activation is a definite sign that the anonymous creator of Bitcoin has finally come out of hiding.

The mysterious transactions

The crypto asset in question is in the form of BTC. It was speculated to be purchased around 2010 when crypto was still in its nascent stage and bitcoin was only worth a few hundred dollars. But the price of BTC today is hovering around $56,000 per BTC, which brings the total value of this transaction to approximately $10 million.

This also shows the exponential growth bitcoin has experienced in just a decade.

With the value of this transaction, the crypto community is called the owner of this crypto wallet holder Diamond hands, as the person has kept these 185 Bitcoins on hold for 11 years.

The rumours continue to fester

The fact that these Bitcoins have been untouched since 2013, just a couple of years after the enigmatic Bitcoin creator Satoshi Nakamoto disappeared.

But the idea that Satoshi might be moving some of their original stash is sending shockwaves through the community, with well-known people in the community also chipping in their own thoughts.

But there is still no concrete evidence that have surfaced to confirm that the person behind this transfer is indeed Nakamoto, and the identity of the wallet's owner remains unknown.

Even the FBI can't identify who is Satoshi Nakamoto

The anonymity of Satoshi Nakamoto has not just perplexed the crypto community, it has also fumbled the best detectives in the FBI who also can't seem to find a shred of evidence of who this mysterious person is.

According to an X post by investigative journalist Dave Troy, the FBI has said that it will neither confirm nor deny having records of Satoshi Nakamoto.

Since the release of the Bitcoin white paper in 2008, there has been a lot of speculation surrounding the true identity of Nakamoto.

While some speculated that Satoshi Nakamoto is just a pseudonym for a group of people who have helped to create the original cryptocurrency, others have rumoured that the true identity of Nakamoto could be the early BTC contributor Hal Finney, British, a member of the Yakuza, a money launderer, or a woman disguised as a man.

Over the years, a few individuals have been suspected of being the man behind the elusive pseudonym:

Thus, it would be weird that the FBI would give such an ambiguous answer, because they should have no issues revealing that Hal Finney was indeed Nakamoto. This has led many to believe that the FBI actually have no leads as to who this mysterious person really is.

The resurgence of "Diamond Hands"

There has been a recent resurgence of early investors who have held their holdings for all these years have now become Bitcoin whales, with values continuing to skyrocket.

This year, several dormant Bitcoin wallets from 2011-2013 have been reactivated, each containing millions of dollars worth of Bitcoin.

Just a few days ago, the owner of a dormant Bitcoin Wallet emptied their account and transferred all $8 million worth of BTC to an external wallet address after over 10 years of dormancy.

Earlier this month, another Bitcoin address with 100 BTC was activated after 11 years, netting the holder handsome returns.