TREE NEWS update: Galaxy Research tracked six Bitcoin wallets dormant since 2011-2014 that transferred a total of 553.59 BTC (worth $40.15M at the time) between Aug 16-26. Two wallets are tagged ‘Salomon Client Dusted’ related to the Noah Doe NY lawsuit; one transfer went to German crypto bank Boerse Stuttgart Digital.
6 Dormant Bitcoin Wallets Move 553.59 BTC Worth $40.15M
The movement of long-dormant wallets is often read as a signal of changing holder behavior, but the specific tagging of two addresses to an active legal case adds a distinct layer here. The transfer to a regulated German bank suggests that at least part of this supply is moving into institutional custody or liquidity channels, rather than purely to an exchange for sale. This matters because it shifts the narrative from simple 'old whale selling' to a more complex picture involving legal resolution and regulated off-ramps. The open question is whether this activity is isolated or part of a broader trend of early-era holders engaging with formal financial infrastructure.
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