According to Galaxy Research, a wallet that had been dormant for nearly 15 years since August 2011, holding 30 BTC (approximately $1.88 million), completed a transfer on July 4, realizing an on-chain profit of about $1.84 million. The address was flagged by Galaxy as one of the addresses involved in the New York “Noah Doe” Bitcoin ownership lawsuit. Alex Thorn, head of research at Galaxy Research, said that long-dormant Bitcoin addresses associated with the “Noah Doe” lawsuit have recently accelerated their on-chain activity, with 31 related addresses moving 17,527 BTC in June.

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