According to a post by Ordinals browser Ord.io, an anonymous wallet spent approximately 1.5 BTC to write 8.93 MB of encrypted data to the Bitcoin blockchain.
The anonymous wallet, which made 332 transactions, spent approximately 1.5 BTC, worth approximately $66,000 at current prices, in order to save approximately 9 MB of encrypted data in these transactions.
Since the processed data is encrypted, no one has been able to read the written data yet.
Although the fees for most of the 332 transactions were around $200, some transactions reached thousands of dollars.
The cryptocurrency community is trying to find out the reason behind these transactions. He made various predictions under io's post.
BREAKING: Someone just spent >1 BTC to inscribe 8.93 MB of raw binary data into Bitcoin.
Can anybody decode it to find out what it is?
→ https://t.co/PAaKCWVDus pic.twitter.com/wIpOsgwmhF
— Ord.io (@ord_io) January 6, 2024
*This is not investment advice.
