20 More Block Rewards from 2010 Spent Today— Why Are Decade-Old Bitcoins Waking Up?

Following the 21 coinbase rewards from 2010 spent on November 7, another long string of so-called ‘sleeping bitcoins’ mined a decade ago were transferred on Sunday morning. According to onchain data, the 20 block rewards from 2010 with 1,000 BTC were transferred at 4:02 a.m. EST.

A ton of ‘zombie coins’ moved in 2020, after sitting idle for over ten years. Zombie coins or so-called ‘sleeping bitcoins’ are a great number of old addresses with block rewards that have never been spent. Estimates believe there’s around 1.5 to 2 million sleeping bitcoins sitting in addresses and the coins have never moved. A large portion of the sleeping bitcoin stash is assumed to be Satoshi Nakamoto’s, as it is believed he/she or they mined around 700k to 1.1 million BTC.

It is very unusual when coinbase rewards from 2010 are spent, but in 2020 there’s been a great number of sightings. On Sunday morning around 4:02 a.m. (EST), after news.Bitcoin.com reported on the 21 blocks from 2010 spent on Saturday morning, another 20 rewards were moved. The 20 coinbase rewards were all transferred at block height 655,943 and again all the action was caught by the researchers from Btcparser.com.

20 More Block Rewards from 2010 Spent Today— Why Are Decade-Old Bitcoins Waking Up?

Similarly to the pattern spend on Saturday, November 7, the coins spent on Sunday saw the corresponding bitcoin cash (BCH) spent as well. Blockchain explorer data also shows that the corresponding bitcoinsv (BSV) coinbase rewards were not spent.

The move on Sunday morning at 4 a.m., was another $15.5 million worth of bitcoin block rewards from ten years ago. Back in 2010, the block reward for miners finding a block was approximately 50 BTC per reward. All of the funds from the 2010 block rewards were sent to one address on Sunday morning, and news.Bitcoin.com readers can see the address here.

20 More Block Rewards from 2010 Spent Today— Why Are Decade-Old Bitcoins Waking Up?
The chart stemming from theholyroger.com shows the two strings spent on Saturday and Sunday morning.

The blockchain explorer Blockchair shows that unlike the previous…

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