A viral post on the social media platform X recently claimed that Satoshi Nakamoto, the pseudonymous creator of Bitcoin, just sold 10,000 BTC. An attached screenshot purported to show on-chain data supporting the claim, and the rumor quickly garnered attention on the social media platform.
The ramifications of such a sale are huge because Nakamoto’s stash is untouched going back to the earliest days of Bitcoin mining. However, a closer look into blockchain records tells a very different story.
Investigating The Rumor Of Satoshi Nakamoto’s Bitcoin SaleThe image shared with the rumor appears to be taken from Arkham Intelligence, a popular on-chain analytics platform. The screenshot, which is shown below, highlights the outflow of 10,000 BTC into account ‘bc1qcj,’ with the last transfer being 12 years ago.
