Dogecoin (DOGE): Dormant Whale Address Awakens After Almost a Decade

Dogecoin (DOGE): Dormant Whale Address Awakens After Almost a Decade

Cetoex News – Dogecoin has gained significant popularity as a meme coin, serving as an inspiration for a multitude of other animal-themed cryptocurrencies. These meme coins, as their name implies, were initially created as a lighthearted joke. However, they have experienced a remarkable surge in popularity in recent times.v

Dormant Dogecoin address activated after 9.5 years

The whale address with over 2 million Dogecoin is now worth almost $131,178. The dormant address was activated after almost 9.5 years of no activity.

The activation of a dormant address after nearly a decade has ignited a flurry of theories and speculation. Among them is the belief that the individual responsible for the coins may be the original holder, potentially linked to Dogecoin’s early days, making a reappearance.

On the other hand, some even speculate that this could be due to the recent surge in the price of Dogecoin. According to CoinMarketCap data, DOGE is up by 5.3% in the last seven days. While DOGE was created as a lighthearted joke, it evolved into the largest meme coin. It has also paved the way for numerous meme coin creations.