Coinbase Director Silences Wild BTC Rumor with One Swift Tweet: Here’s What Happened!

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Ah, dear readers, gather ’round and prepare yourselves for a tale of intrigue, mystery, and—most importantly—cryptocurrency! It seems that, on Friday, more than $8 billion worth of Bitcoin—mined during the legendary “Satoshi era” when Bitcoin was but a twinkle in the digital world’s eye—changed hands in what can only be described as the most dramatic transfer in the history of, well, Bitcoin.

A grand total of eight wallets, which have been as dormant as a hibernating bear since 2011, decided to stretch their digital limbs and moved a whopping 10,000 BTC to new SegWit addresses. A truly staggering amount of money—enough to buy a small country, or at least a couple of well-heeled yachts! And what makes this all the more intriguing? The identities of these wallets’ owners are, as they say in detective novels, “a mystery wrapped in an enigma.” 🤔

And now, we find ourselves with a curious little incident that has sent the crypto community into a tizzy. One user on X (formerly Twitter, for the uninitiated) claimed that one of the mysterious wallets had shifted a sum of 10,000 BTC (worth more than $1 billion, for those keeping track) and, rather cheekily, provided a screenshot from a 2013 forum post as “evidence.” This forum post allegedly revealed that someone had once used the same wallet address to send a meager 1.5 BTC to a friend. A truly quaint gesture, don’t you think? 🍵

But lo and behold, Conor Grogan, the director of Coinbase (and resident arbiter of truth in the crypto cosmos), wasn’t having any of it. “What a load of codswallop!” he might have said, if he were in one of his more whimsical moods. Instead, he took to X and swiftly debunked the entire tale with the elegant precision of a man who knows his blockchain data inside out. “Guy made it up,” Grogan declared. “There was never a 1.5 BTC transaction to or from the address.” Well, well, well, it seems the rumors were as substantial as a puff of smoke! 🔥

Guy made it up, there was never a 1.5 btc transaction to or from the address

— Conor (@jconorgrogan) July 5, 2025

Grogan didn’t just stop at words, however—oh no, my friends. He went the extra mile and shared a screenshot of the blockchain data to back up his claim. A move so classic, I dare say it could have been lifted from a Sherlock Holmes novel. “Elementary, my dear Watson!”

And then… a new update!

So, what about this massive $8 billion Bitcoin bonanza? Well, on Friday, those same eight wallets, each shifting 10,000 BTC, caught the attention of every crypto enthusiast worth their salt. These coins, dear readers, belong to the rarest of breeds: the “Satoshi-era” BTC—mined or transacted between 2009 and 2011, back when Bitcoin’s founder, the elusive Satoshi Nakamoto, was still putting in the occasional appearance in the online world. A veritable treasure trove of digital gold! 💰

Now, here’s where things get a bit more thrilling. Arkham, a platform for on-chain intelligence, weighed in with their two cents, suggesting that all these wallets may in fact belong to the same entity. Yet, despite all the rampant speculation, no individual or company has publicly claimed ownership. Are we dealing with a shadowy figure? A modern-day digital pirate, perhaps? Arrr!

But wait! Arkham’s latest update put to rest the idea of a Bitcoin OG whale selling off their treasure. They graciously tweeted: “The $8 billion transfers were possibly related to address upgrades, moving from 1-addresses to bc1q-addresses. No indications this whale is selling Bitcoin.” Phew! Well, that’s a relief, isn’t it? The whale is simply rearranging its furniture—nothing to see here, folks! 🐋

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2025-07-06 12:57