1-Satoshi-era Bitcoin wallet moves 2,000 BTC for the first time since 2010
A “Satoshi-era wallet” sent Coinbase $180 million in BTC on Nov. 15.
According to Lookonchain statistics, the whale hodled for 14 years. It seems the miner held while Bitcoin was below 10 cents. Due to rapid acceptance, Satoshi Nakamoto’s online bitcoins are worth $90,000.
Satoshi-era Bitcoins are flowing quicker to exchanges, signifying sales. Old coins have moved, particularly during bull markets, but the market is unaffected.
September saw a 15-year-old wallet transfer 250 BTC mined in 2009. A 2014 dormant Bitcoin wallet moved 174 bitcoins worth over $10 million in August.
In May 2024, dormant whales began their largest migration. Even after 11 years, inactive wallets transferred 1,000 bitcoins worth $60 million.
These numbers demonstrate hodling, but they pale in contrast to the 2,000 BTC a whale from those early days just moved.
Even if millions of bitcoins are gone forever, Satoshi-era miner wallets demonstrate BTC’s progress. Huge exchange deposits may briefly influence the benchmark crypto.
Experts expect BTC to hit $100k next with bulls in charge and a likely U.S. strategic Bitcoin reserve. Spot ETFs, a global “crypto race” as more governments adopt BTC, and MicroStrategy’s $42 billion BTC purchase goal are favorable long-term.
2-NFT sales rise 94% to $178.8m, Ethereum leads
Global cryptocurrency market value rose 4% to $3.03 trillion yesterday. Bitcoin has also retraced to $91,295.
The prior week’s NFT sales were $96.1 million. However, CryptoSlam data shows NFT revenues virtually double.
Sales on the Ethereum NFT blockchain rose 130% to $67.5 million this week. The Ethereum blockchain has 32,064 NFT buyers, up 48.03%.
Cryptoslam reported $59.2 million in Bitcoin NFT volume.
Solana is third with $24.4 million, up 94.65% in seven days.
3-Floki’s Coinbase listing swings 14%
When Coinbase announced trading support for the $2.7 billion joke currency, Floki gained 21% in an hour. The announcement’s timing and market rebound improved FLOKI’s price.
Coinbase offered meme tokens again. After the exchange posted Pepe-The-Frog-inspired PEPE data on Nov. 13, it hit a record high.
Social media users said President Donald Trump’s relaxed regulations encouraged crypto companies to grow.
Robinhood U.S. listed PEPE and Coinbase. Many meme currencies were listed by Binance despite opposition.
Bitcoin’s $1.8 trillion market value has generated memes and altcoins. Bitcoin rose past $90,000, supporting Ethereum and Solana memes.
Dogecoin and PEPE, the largest meme currencies, may use Ethereum. Solana’s ecosystem has huge liquidity.
Yes, Doge Coin is a meme coin. Other meme currencies confuse me, even if Elon Musk instinctively supports it. No fundamental analysis.
References
https://crypto.news/satoshi-era-bitcoin-wallet-moves-2000-btc-for-the-first-time-since-2010
https://crypto.news/nft-sales-surge-94-1-to-178-8m-ethereum-network-ranks-first