In a surprising turn of events, a rare “Epic Sat” was discovered and withdrawn from the popular Bitcoin and crypto exchange Binance. This particular satoshi, part of the Ordinals protocol, is considered one of the most scarce and significant in Bitcoin’s history.
The term “Epic Sat” refers to the first satoshi of each Bitcoin halving era, occurring approximately every four years. Recently, the first Epic Sat from the 2024 halving sold for over $2 million at auction, sparking interest in these rare units.
The Binance user who made this discovery withdrew a transaction containing the Epic Sat from the 420,000th Bitcoin block in 2016. However, Binance failed to identify and retain the UTXO that contained the valuable satoshi, potentially overlooking a multi-million dollar opportunity.
Further analysis revealed that the acquisition of this rare satoshi was likely part of a sophisticated “sat hunting operation” that programmatically bought and withdrew Bitcoin from Binance. The UTXO containing the coveted satoshi, categorized as “1575000000000000” by Ordinals, was moved to the user’s wallet after the purchase.
The wallet address now holding the UTXO can be traced using tools like Ord.io and Ordinals.com, allowing enthusiasts to verify the transaction and track the satoshi’s position in the chain.
The discovery of this Epic Sat has sparked excitement in the market, with observers eagerly awaiting to see if the holder will keep it or sell it for potentially millions. This event highlights the digital scarcity created by rare collectibles like Epic Sats and may lead to increased interest in finding the remaining two Epic Sats from 2012 and 2020.
Overall, this unexpected find on Binance has brought attention to the world of rare Bitcoin sats and the potential value they hold in the crypto market.
