Ancestor-level Bitcoin transferred for the first time since 2009! Various experts proved wrong: It's not Satoshi Nakamoto.

Last night, the entire crypto community was focused on a transaction of 50 bitcoins that had been dormant since February 2009, until it was moved for the first time after block height 3654. There was speculation that it could be Satoshi Nakamoto, the creator of Bitcoin, but many early Bitcoin participants believe this is unlikely. According to information from the blockchain explorer blockchain.com yesterday, the 50 bitcoins were split into two transactions, sending 40 bitcoins (equivalent to $391,055) to address A and the remaining 9.99968592 bitcoins to address B. Antoine Le Calvez, a data analyst at research firm Coin Metrics, pointed out that this is the first time since August 2017 that bitcoins mined in 2009 have been transacted. Source: Twitter @khannib

This is not Satoshi Nakamoto, OK?

The crypto community is abuzz with discussions surrounding a recent transaction, speculating that it may have originated from the wallet address of Bitcoin's creator, Satoshi Nakamoto. However, various data points to the possibility that these bitcoins are unlikely to belong to Nakamoto. Larry Cermak, Director of Research at The Block, stated:

Based on their usual nonce identifier, this doesn't look like Satoshi. But it's still cool and could be some big whale.

This does not look like Satoshi based on their usual nonce identifier. But cool regardless and likely a whale anyway https://t.co/vMNFg2Ubwc

— Larry Cermak 🫡 (@lawmaster) May 20, 2020

Bitcoin developer Jimmy Song also pointed out on Twitter that this transaction did not come from Satoshi Nakamoto's wallet, but the transaction did trigger fluctuations in the price of Bitcoin, sparking further speculation.

Adam Back, CEO of blockchain development company Blockstream, commented:

Everyone needs to calm down. If Satoshi Nakamoto is selling Bitcoin, he would be selling coins mined in recent years, so if it's really him, it would definitely be from an unknown address.

Cryptographer Sergio Demian Lerner published a study in 2019 about early Bitcoin mining, discovering that a miner had mined around 1.1 million bitcoins between 2009 and 2010, referring to their specific mining pattern as "Patoshi", and hypothesizing that this miner could be Satoshi Nakamoto himself.

Due to the limited participation in early mining activities and the Patoshi pattern coinciding with block height 3654, this topic has resurfaced for discussion.

However, Adam Back believes that the Patoshi study is built on various assumptions and speculations, and in reality, the amount of bitcoins held by this miner may be less than what many imagine.

Craig Wright Faces Embarrassing Situation

Bitcoin SV (BSV) founder Craig Wright has been embroiled in a lawsuit for months over allegations of stealing 1.1 million bitcoins from his partner David Kleiman. Coincidentally, in documents previously submitted to the court to prove his ownership of 1.1 million bitcoins, the address provided by Wright coincidentally includes the 50 bitcoins address transferred yesterday.

The list of 16,000 addresses in the court document includes the ancient bitcoin address from this recent transfer. Since Wright previously claimed in court that he did not have the private key to this address, if he now claims to have transferred the 50 bitcoins, it would contradict his previous statements in court. If he did not transfer the bitcoins, it would indicate that the wallet address does not belong to him, putting him in a disadvantageous position once again.

Following the exposure of the transfer of 50 bitcoins yesterday, Bitcoin promptly dropped from $9,768 to $9,273.

The address purportedly belonging to Satoshi Nakamoto has once again caused a stir, highlighting the situation of "news driving prices" in the crypto market. Therefore, how to interpret seemingly misleading information is also a topic that investors must consider.