500 Dormant Bitcoin Move After 12 Years as Early Investors React to Post-Quantum Risks

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Analyst CryptoQuant Maartunn detected a major on-chain transaction in which 500 BTC, which had remained completely dormant for more than 10 years, were moved to a new address for the first time. On the Spent Output Age Bands chart for 10-year-old Bitcoin , this activity appeared as an isolated green spike. Advertisement The transfer of such an old wallet coincided with the release of major research and news in the quantum technology sector, namely Glassnode's report on Bitcoin's quantum security. According to analysts, 30.2% (6.04 million BTC) of the total market supply is already potentially vulnerable to future quantum attacks . 500 BTC that hadn't moved in 10 years just moved. 👀 pic.twitter.com/A3tF3YIiK3 — Maartunn (@JA_Maartun) May 20, 2026 Is the quantum threat forcing whales to act? The vulnerability is tied to exposed public keys on addresses from the Satoshi Nakamoto era and poor wallet hygiene, including address reuse and custodial storage practices. A quantum computer could hypothetically derive a private key only where the public key has already been exposed on-chain. Advertisement Exchanges account for around 1.66 million BTC within this risk category. Approximately 5% of Coinbase-held BTC is considered vulnerable, compared to around 85% for Binance and nearly 100% for Bitfinex. HOT Stories JPMorgan: Bitcoin Races Ahead of Ethereum Hyperliquid (HYPE) Back in Bull Mode With 13% Rally, Ethereum (ETH) Risks Losing $2,000 Prematurely, XRP's Only Chance For $2 Comeback: Crypto Market Review Operationally Unsafe Bitcoin by Entity, Source: Glassnode At the same time, the computing industry is demonstrating clear progress and moving beyond the purely laboratory stage. By the end of May 2026, Saudi Aramco, together with Pasqal, had launched cloud access in Saudi Arabia to the country's first quantum computer featuring 200 programmable qubits through the QCaaS platform. You Might Also Like Tue, 05/19/2026 - 20:35 Ripple and XRPL Foundation Team Up on Quantum Security By Alex Dovbnya Advertisement Against this backdrop, IBM declared the beginning of the era of "quantum utility", with plans to achieve quantum advantage by the end of 2026 and build the fault-tolerant Quantum Starling system by 2029. Statements from specialists such as Scott Aaronson, who warned that cryptographic systems could face realistic hacking threats by 2029, no longer appear like distant speculation to early Bitcoin investors. As Blockstream creator Adam Back notes, Bitcoin must prepare for the quantum threat in advance through the implementation of optional upgrades, but large long-term holders appear to have decided to play it safe and have already started moving their BTC. #Bitcoin #Quantum Computing #Bitcoin News