Six Bitcoin wallets that had been inactive since 2011‑2014 moved 553.59 BTC, valued at about $40 million, between August 16 and August 26, according to data from Galaxy Research. Dormant bitcoin activity in the second quarter fell to its lowest level since the third quarter of 2022, indicating that the amount of old coins moving onchain is decreasing, though movement does not automatically signal sales. The six wallets transferred their holdings to addresses without known exchange links, except for one that sent 40 BTC to Boerse Stuttgart Digital, a German custodial and trading platform. Two of the wallets are linked to a New York lawsuit in which a pseudonymous plaintiff, Noah Doe, seeks control of bitcoin held in 39,069 dormant addresses under state lost‑property law; the plaintiff’s filings included small transfers and on‑chain legal notices. Earlier in June, a separate address involved in that case had moved 35.55 BTC after remaining untouched since March 2011. In late July, roughly 210,000 BTC left long‑term holder wallets after a vulnerability in Coldcard hardware wallets was disclosed, prompting some users to move coins to new wallets or custodial accounts. Galaxy Digital’s head of research, Alex Thorn, said that none of the whales he works with cited quantum computing concerns as a motive for selling, despite speculation that exposure of old public keys could make those coins vulnerable to future quantum attacks. He added that the recent decline in dormant‑coin movement suggests less pressure from early holders. The latest movements, while notable, do not confirm that the original holders are liquidating their positions, and the industry continues to monitor whether dormant wallets will see further activity in 2026.