14-Year Dormant Bitcoin Whale Moves $16.6M Amid Quantum Concerns
A Bitcoin (BTC) wallet dormant for 14 years has moved 150 BTC (about $16.6 million) for the first time, attracting attention from analysts over potential profit-taking, rotation, or security motives.
Data from Lookonchain identifies the wallet, 18eY9o, which holds 4,000 BTC (roughly $442 million) mined in 2009 and consolidated in 2011.
The move reflects a broader pattern this year of early “OG” holders realizing gains as BTC surpasses milestones like $100,000. Earlier, roughly 80,000 BTC from another long-dormant wallet was sold via Galaxy Digital.
Analysts also point to quantum computing risks. Bitcoin OG Nicholas Gregory told CoinDesk:
“Coins from 2011 may be exposed to quantum attacks if public keys were revealed. Transferring them to new addresses can preempt potential security threats.”
This activity underscores both profit-taking and evolving security strategies among Bitcoin’s earliest holders.
