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Old Bitcoin Wallets Stir, But Not As Expected | Bitcoin and Crypto News
Description
Old-school Bitcoin wallets, long dormant and worth almost nothing back in the day, are finally stirring — but new data shows less movement than ever before. Galaxy Digital’s research reveals a sharp drop in activity from these “OG” coins, hitting its lowest point since late 2022. While some speculate about early adopters cashing out, the blockchain only tracks movement — not sales — and most transfers go to obscure, exchange-free addresses. One wallet even ties into a New York lawsuit over abandoned property claims, with legal notices sent directly on-chain. And while quantum computing fears linger among institutions, those actually moving these coins aren’t citing it as a reason — proving the real story is more nuanced than tech doomsday.
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