In the world of cryptocurrency, there are occasionally interesting movements such as intentional or accidental large transfers and transactions. According to on-chain data, an anonymous wallet address recently spent about 1.5 BTC, worth $66,000 at current prices, to write nearly 9 megabytes of encrypted data, in other words, to create an inscription on the Bitcoin Blockchain network.
Spent $66,000 in 322 Transactions for 1.5 BTC
Although each of the most expensive transactions by the anonymous wallet address cost thousands of dollars, the majority of the transactions were predominantly around $200. Indeed, the anonymous wallet address spent 1.5 BTC, valued at $66,000, for 322 transactions. However, since the data remains encrypted, no one has yet been able to read the data written to the Blockchain network.
The Ordinals explorer Ord.io’s official X account discussed details related to the inscription, which led to jokes, pranks, and speculation about the anonymous wallet address’s action within the crypto community.
The process carried out by the wallet address was performed through the Ordinals protocol, which attributes data to specific Satoshis, the smallest unit of Bitcoin. Ordinals is typically used to store art directly within the Blockchain network, but it also enables the writing of all types of data, including encrypted text, to the Blockchain network.
$1.2 Million in BTC Sent to Nakamoto’s Wallet Address
As is known, the inscription is not the only seemingly odd use of the Bitcoin Blockchain network recently. Not long ago, it was discovered that an anonymous wallet address sent about $1.2 million to the wallet address holding the rewards in BTC from the first Bitcoin block, also known as the Genesis block, mined by Satoshi Nakamoto.
The BTC in Nakamoto’s wallet address has been untouched since 2010, which likely means that the $1.2 million sent from Binance to Nakamoto’s wallet address is probably irretrievable.
