Orhan 
The question of who Bitcoin creator Satoshi Nakamoto is has remained an unsolved mystery in the cryptocurrency world for years. A recent theory seeks to challenge the belief that Nakamoto has been inactive for a long time. The movement in Bitcoin wallets, created in 2010 and dubbed “mega whales,” suggests that this mysterious figure may actually be continuing to exist behind the scenes with strategic moves.
The 2010 Mega Whale Satoshi Nakamoto
The Bitcoin research group BTCparser conducted an in-depth study of wallets created in 2010, each containing 50 Bitcoin, and identified a “wake-up” in these wallets. After remaining inactive until November 2019, significant Bitcoin transfers began occurring at regular intervals. BTCparser grouped these movements under the name “2010 Mega Whale” and suggested that these wallets could belong to Satoshi Nakamoto.
According to this theory, Nakamoto is using the 2010 wallets instead of touching the original ones created in 2009 to maintain anonymity and divert attention. BTCparser believes this shows a creator who is “carefully planning to maintain their privacy.”
How Are the Funds Made Traceable?
The Bitcoins moved from these wallets are managed with specific strategies to avoid drawing attention. Initially, funds are transferred to P2SH addresses, which offer multi-signature support and better security. From there, they are redirected to bech32 addresses that are more efficient in terms of block space and reduce transaction costs.
In the first movement in 2019, Bitcoin worth approximately $5 million was transferred, and subsequent transfers saw even larger amounts. After transfers in March and October 2020, totaling $20 million, the largest movement occurred in November 2024. Around $176 million worth of Bitcoin was liquidated at that time, causing a stir in the crypto world.
These sales are notable for aligning with increases in Bitcoin’s value. BTCparser suggested that this indicates the mega whale has a strategy of selling when Bitcoin peaks to make profits.
Satoshi Nakamoto’s Strategy
Since the early days of Bitcoin, Nakamoto’s dedication to maintaining their anonymity has been just as remarkable as their technical genius. According to BTCparser’s theory, using the 2010 wallets not only protects the 2009 wallets without any doubt but also allows Nakamoto to maintain their anonymity.
This situation sheds light on the privacy strategies of early Bitcoin holders, not just Nakamoto. The movement of early wallets often creates speculation in the market and impacts Bitcoin’s price, which is why Nakamoto is believed to have avoided using those wallets.
Who is Satoshi Nakamoto?
Over the years, many names have been suggested as the true identity of Satoshi Nakamoto. Peter Todd, Nick Szabo, Adam Back, and Hal Finney are some of the most well-known figures associated with the mysterious identity. However, none of them have accepted these claims.
Peter Todd, who was one of the names suggested in an HBO documentary as Nakamoto, firmly rejected these allegations. Nick Szabo and Adam Back regularly state that they are not Satoshi, and Hal Finney had rejected these claims before passing away in 2013.
While BTCparser’s theory has not definitively confirmed whether Nakamoto is truly a mega whale, it has reignited discussions on the topic.
How is Satoshi Nakamoto Staying Hidden Since 2010?
Satoshi Nakamoto’s strategy of using 2010 wallets to protect their identity raises important questions about anonymity and security in the crypto world. Nakamoto’s actions not only provide clues about their identity but also offer new insights into Bitcoin’s early days.
While Nakamoto’s identity remains a mystery, this strategy both reinforces the principle of Bitcoin’s decentralization and encourages further research into the history of cryptocurrency. The mega whale theory may suggest that Satoshi has been moving like an invisible shadow, subtly influencing Bitcoin’s world without ever fully revealing themselves.
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