Renowned crypto tracker Whale Alert, which tracks large cryptocurrency transactions, has detected a dormant address that has been reactivated – it contains 5,392,984 Dogecoin, now worth $372,461.
The last time this wallet was active, according to the crypto-tracking platform, was 9.8 years ago – in 2013. This is the year when DOGE was launched by and Jackson Palmer, who created this meme coin as a side project and as a parody of the flagship cryptocurrency bitcoin. BTC had been launched four years earlier.
Billy Markus also took an alias when he registered on Twitter, mocking the mysterious Bitcoin creator Satoshi Nakamoto. The DOGE co-founder began calling himself Shibetoshi Nakamoto on Twitter.
According to Whale Alert, just over three hours ago, this awakened wallet transferred 392,000 DOGE to another blockchain address – that was a brand new wallet. This looks like his millions of Dogecoin to different wallets.
Earlier this week, between October 25 and October 26, the original meme coin DOGE experienced a significant increase of 16.11%, jumping from $0.0649 to the $0.0753 level. DOGE, as well as other altcoins, followed bitcoin’s extensive 13% rise as it regained the $34,100 level on October 24th.
However, this momentum did not last long for Dogecoin. At the time of writing, the meme coin is down 9.35% since Thursday’s jump.
Earlier today, it was reported that an anonymous whale transferred a staggering 350,000,000 DOGE to the popular trading platform Robinhood (NASDAQ:HOOD), apparently to sell this massive chunk of meme cryptocurrency.
