A Bitcoin wallet that had remained inactive for more than 13 years has transferred 411.45 BTC worth about $33.4 million, drawing attention because the address was identified as one of thousands included in a New York lawsuit over allegedly abandoned cryptocurrency.
Dormant wallet sends its first coins
The address, beginning with “13Coop,” received its Bitcoin on September 11, 2013, but had never previously recorded an outgoing transaction. On Sunday, it moved the entire 411.45 BTC to a single newly created wallet, according to Galaxy Research. Arkham data showed the coins remained at that destination and had not been sent to an exchange.
Bitcoin was trading near $130 when the address was funded. That placed the original value of the holding at roughly $54,000. Galaxy estimated the holder’s average cost basis at about $127 and calculated a paper gain of more than 64,000% based on the transfer’s value.
The destination address was not labeled, so the transaction does not establish whether the owner intends to sell the Bitcoin. Moving coins to another wallet can occur for a range of reasons, including changes in custody, without necessarily indicating an imminent market sale.
Link to the Noah Doe case
Galaxy identified the sending address as “Noah Doe #970.” That label connects it to a group of 39,069 dormant Bitcoin addresses named in a New York lawsuit filed this year by a pseudonymous plaintiff called Noah Doe and two Wyoming companies.
The plaintiffs argue that the wallets contain approximately 3.8 million BTC and should be treated as abandoned property under New York’s lost-and-found law. The case seeks ownership of the holdings even though the plaintiffs do not possess the private keys controlling the wallets.
Private keys are required to authorize a Bitcoin transaction. As a result, the movement of coins from addresses named in the case could challenge the argument that at least some of the wallets are abandoned. The latest transfer is one such example, although the transaction alone does not identify the wallet’s owner or determine the lawsuit’s outcome.
According to Decrypt, Galaxy had also linked the address to a 2025 campaign in which small amounts of Bitcoin carrying embedded messages were sent to dormant wallets. Galaxy has described those deposits as groundwork for the abandonment claim, while Arkham data includes some of the deposits under phishing-related labels.
More old Bitcoin is moving
Galaxy Research has said that dormant wallets associated with the Noah Doe case have been becoming active at an accelerating monthly pace. The latest transaction also comes amid a broader increase in movement among very old Bitcoin holdings during 2026.
A wallet associated with Bitcoin mined in 2010 moved for the first time in 16 years a little over a week earlier. In late September, roughly $161 million worth of decade-old Bitcoin changed hands over about two weeks. The previous week, another holder transferred approximately $377 million after retaining the coins through major market downturns since 2020.
Moneyiar market picture
Moneyiar data at 22:24 on October 19, 2026, showed Bitcoin at $82,058.76577583, up 0.61% over 24 hours but down 0.55% over seven days. Sui was $1.0021378284, up 2.64% daily and down 4.59% weekly. Monad stood at $0.02095297, down 0.44% in 24 hours and 14.94% over seven days, while Gala was $0.0019307482, up 2.21% daily and down 13.48% weekly.
