🕵️‍♂️ New Theory by BTCparser: Who Might Be the Real Satoshi? Answering the Question of Why He Never Touched His 2009 Bitcoins!🔍

The search for Satoshi Nakamoto has captivated the crypto community for over a decade. Speculation has swirled around figures like Dorian Nakamoto, Adam Back, Hal Finney, and even a few self-proclaimed Satoshis. Researchers often rely on technical skills or linguistic clues to propose candidates. Yet, despite these efforts, Bitcoin’s elusive creator remains a mystery.
As a blockchain researcher, I’d like to propose an alternative theory—one grounded in the very thing that makes Bitcoin special: its blockchain. My theory follows the money rather than personalities, and it leads me to suspect that the enigmatic 2010 megawhale might actually be Satoshi Nakamoto himself (or a member of the Satoshi entity).

A Theory Rooted in Transactions 🧩

Why hasn’t Satoshi touched his 2009-mined wallets? The prevailing theories are that he’s lost access, passed away, or simply abandoned them. But what if the answer is far simpler? What if Satoshi doesn’t need those Bitcoins because he has plenty of others—mined anonymously in 2010? This would allow him to live a high-standard, influential life while keeping his identity concealed.
Here’s my hypothesis: after vanishing from public view, Satoshi resumed mining under a different identity in 2010, accumulating thousands of Bitcoins. As prices rose, he began selling this stash—steadily, strategically, and anonymously.

The 2010 Megawhale: A Familiar Pattern 🐋

Since 2019, I’ve tracked a recurring pattern of wallet awakenings involving the same 2010-minted wallets. These wallets exhibit the following behavior:
• Mined in 2010: The coins were created shortly after Bitcoin’s inception, but after Satoshi’s known activity in 2009.
• No Prior Activity: These wallets hold exactly 50 Bitcoins and have zero outgoing transactions before the awakening.
• Consolidation and Distribution: The funds are first pooled into a single P2SH address (typically used as an escrow). From there, they are divided into equal segments and sent to multiple bech32 addresses.

To date, this entity has awakened 24,000 Bitcoins through these periodic movements. The first awakening occurred in November 2019, and the latest, on November 15, 2024, saw 40 wallets—totaling 2,000 Bitcoins—come to life, valued at approximately $176 million.
I gathered all those awakening transactions, selected the destination addresses, and combined them into a single transaction for your convenience. No need to search on your own—here’s the Transaction ID: 24f1c486b2f2abd1b9c28d02d8e637279ff43cb8d81f23a412a506093679c086.

Why Leave 2009 Wallets Untouched?

Here’s the crux of my theory: if Satoshi has access to a treasure trove of 2010-minted coins, there’s no need to touch the original 2009 wallets. Using these later coins avoids drawing attention to the original stash, preserving anonymity and reducing the risk of revealing Satoshi’s identity.
The awakening history supports this idea:
• November 2019: Around $5 million worth of Bitcoin sold.
• March 2020: $6-8 million liquidated.
• October 2020: Sales reach $11-13 million.
• November 2024: A whopping $176 million liquidated.
The increasing sales volumes align with Bitcoin’s rising value, suggesting that this whale has been cashing out strategically.

A Theory, Not a Conclusion 🌐

Of course, this is just my theory as a blockchain researcher. It offers a plausible explanation for why Satoshi’s 2009 wallets remain dormant while 2010 wallets are being used. If true, it paints a picture of a creator who planned meticulously to ensure their privacy.
Coinbase, where these awakened coins are deposited, likely knows more about the entity behind these transactions—unless the whale is operating through intermediaries.
Whether or not this megawhale is Satoshi, it’s a fascinating example of HODLing and serves as a reminder that millions of Bitcoins may still be waiting for the right moment to re-enter the market. This is, at the very least, food for thought for those of us intrigued by blockchain’s mysteries.

List of spotted awakenings: