Crypto Faithful Flip Out on Speculation Satoshi Sold Bitcoin

Photographer: Philippe Lopez/AFP via Getty Images

Crypto Twitter was ablaze Wednesday after the sale of some Bitcoin was reportedly linked to the account of the token’s mystery founder.

The price of the largest digital token plummeted on speculation its anonymous creator, who goes by the pseudonym Satoshi Nakamoto, was moving coins mined in early 2009, an act perceived by some as a near-sacrilegious offense.

Twitter account @whale_alert, which posts real-time transaction data, was among the first to report of the sale, tweeting that the coins in the transaction were mined in the first month of Bitcoin’s existence.

Bitcoin fell as much as 4% during Wednesday’s session to trade near $9,530 as of 2:47 p.m. in New York. Peer coins, including Bitcoin Cash and Litecoin, also sold off.