Dogecoin (DOGE) Wallet Activity: In an interesting move, a mysterious Dogecoin (DOGE) wallet transferred assets after a gap of around nine years. Interestingly, the memecoin transfer coincided with Elon Musk Twitter takeover earlier in the week. On chain data showed that the mysterious wallet made transfer of huge DOGE tokens to multiple addresses. Around the same time, DOGE price rose highly as the crypto community anticipated Twitter integration of Dogecoin going forward.
Early Supporters Reactivated DOGE Wallet?
The last time the Dogecoin was under active use was in the fag end of 2014. Whereas Dogecoin (DOGE) was officially launched on December 6, 2013 as an open source peer to peer cryptocurrency. This means the wallet belonged to some of the earliest supporters of the Dogecoin project. As per Whale Alert findings on the said date,
“A dormant address containing 2,374,814 DOGE ($338,611) has been activated after 8.9 years.”
At around November 2 when the $338,611 worth transfer was made from the dormant wallet, DOGE saw a price jump by more than 100%. As of writing, DOGE price stands at $0.1283, up 4.46% in the last 24 hours, according to price tracking platform CoinMarketCap. In yet another big DOGE wallet transfer from Binance on November 5, there was transfer of around $6 million worth of Dogecoin.
“46,040,409 DOGE ($5,999,741) transferred from Binance to unknown wallet.”
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