In a very interesting development, a large amount of BTC was transferred to the ancient cryptocurrency wallet known to belong to Bitcoin (BTC) founder Satoshi Nakamoto.
In the transfer made to Satoshi's 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa wallet, 26.91 BTC worth 1.17 million dollars were transferred. It is unlikely that the founder, who suddenly disappeared in 2011 and did not take any action or share any messages, would take this action.
The source of the Bitcoin transfer in question was recorded as Binance. In other words, it seems that a cryptocurrency investor actually burned the large amount of BTC he received from Binance by sending it to Satoshi Nakamoto's address.
Some cryptocurrency investors also suggest that this move may be a marketing move by Bitcoin Spot ETF applicant companies.
The fact that this wallet belongs to Satoshi Nakamoto is proven by the fact that the BTC network receives a share of the Genesis block rewards.
*This is not investment advice.