Galaxy Research reported a dormant Bitcoin wallet moved 30 BTC after 14 years, renewing attention on Noah Doe coins again. Alex Thorn said Noah Doe wallet movements are accelerating, signalin
A dormant Bitcoin wallet tied to the Noah Doe coins moved 30 BTC for the first time in more than 14 years, according to Galaxy Research. The transaction occurred in Bitcoin block 956627 and involved coins that had remained untouched since August 7, 2011. The transfer has renewed attention on a group of early Bitcoin addresses linked to an ongoing ownership dispute.
According to Galaxy Research, the transferred Bitcoin is worth about $1.88 million at current market prices. The coins were originally received when Bitcoin traded near $9. Based on those figures, the wallet recorded an estimated gain of more than 719,000%, producing roughly $1.84 million in realized profits over nearly 15 years.
Although the amount moved is relatively small, the wallet’s long dormancy attracted interest across the crypto market. Consequently, blockchain analysts continue tracking activity involving early Bitcoin holdings.
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According to Galaxy Research Head of Research Alex Thorn, the latest transfer belongs to the Noah Doe group of Bitcoin wallets. He stated that dormant wallets linked to Noah Doe have started moving more frequently. Moreover, he noted that the pace of those on-chain transfers has accelerated in recent months. The Noah Doe coins are connected to a legal dispute involving ownership claims over 39,069 dormant Bitcoin addresses. Court filings show that Noah Doe, together with two unnamed Wyoming limited liability companies, seeks legal ownership of those addresses through a declaratory judgment filed in New York.
Notably, the disputed addresses reportedly include wallets associated with Bitcoin creator Satoshi Nakamoto. The plaintiffs also rely on New York’s lost-and-found property statute to support their claims. However, the case has recently taken another turn after a defendant identified as John Doe 33 filed a motion seeking dismissal of the lawsuit. Meanwhile, the latest wallet movement does not determine ownership of the disputed Bitcoin. Instead, it adds another blockchain transaction to a closely watched legal case. Consequently, analysts are expected to continue monitoring the Noah Doe wallets as additional transfers and court proceedings unfold.
In conclusion, the latest transfer highlights increasing activity among long-dormant Noah Doe wallets while keeping one of Bitcoin’s most closely followed ownership disputes in focus.
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The post Dormant Bitcoin Wallet Wakes After 14 Years as Noah Doe Coins Move Again appeared first on 36Crypto.
