$8M Worth of ‘Sleeping’ Bitcoin Rewards from 2010 Moved the Day Before ‘Black Thursday’

Over a half a million dollars worth of bitcoin from a May 2010 coinbase reward was transferred to Bitfinex on October 1. A parser recorded the old coins being spent and since mid-February 2020, roughly 33 so-called ‘sleeping bitcoin addresses’ from ten years ago have been spent to-date. Interestingly, 20 out of the 33, 2010-issued rewards moved this year were spent the day before ‘Black Thursday.’

Earlier this week, the software program, Btcparser, recorded an old coinbase reward from 2010 getting spent on Thursday, after the 50 bitcoins sat dormant for over a decade. Btcparser is a Telegram and browser bot that was developed in order to monitor the “activity of so-called sleeping bitcoin addresses.”

Btcparser.com shows three types of parsed data obtained from the Bitcoin (BTC) blockchain. The first parser combs the BTC blockchain for activity related to 64,529 addresses stemming from 2009 through 2017.

$8M Worth of 'Sleeping' Bitcoin Rewards from 2010 Moved the Day Before 'Black Thursday'
News.Bitcoin.com leveraged Btcparser.com to look at the 2010 block that was spent on October 1, 2020. While combing through the parsed data, an aggregate total of 33 block rewards from 2010 was moved between February 13, 2020, to now.

Btcparser’s Telegram channel shows these alleged dead addresses have been recorded since February 13, 2020. A great majority of rewards spent in 2020 on Btcparser’s first list were minted in 2017, 2016, and 2015.

Blocks stemming from 2011, 2012, 2013, and 2014 are rarely spent but have been recorded on a few occasions this year. From mid-February 2020 until today, 33 blocks with 50 BTC coinbase rewards from 2010 were moved after a whole decade. Another block reward from 2009 was also spent this year as well. That’s a total of 1,650 BTC (34 block rewards) worth over $17 million using today’s exchange rates.

$8M Worth of 'Sleeping' Bitcoin Rewards from 2010 Moved the Day Before 'Black Thursday'
Roughly a half a million dollars worth of Satoshi era or sleeping bitcoins moved to a crypto exchange on October 1, 2020.

The last 2010 block of coins moved was transferred on October 1, 2020, and it was allegedly…

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