Ancient Dogecoin Whale Suddenly Awakens, Moves 1,556,994 DOGE After Lying Low for Nearly Ten Years

An ancient Dogecoin (DOGE) whale suddenly came to life on Thursday morning after being dormant since late January 2014, less than two months after the top memecoin first launched.

The whale sent 550,999 DOGE worth around $43,500 to a pair of unknown wallets after sitting on its holdings for more than nine years, according to the blockchain tracker Whale Alert.

That amount of DOGE would’ve been worth only around $845 in January 2014, meaning its value increased by more than 5,000% in the time since the address has last been active.

At Dogecoin’s all-time high price of around $0.73 (which it hit in May 2021), that 550,999 DOGE would have been worth more than $400,000.

The previously dormant wallet still holds a balance of 1,005,995 DOGE worth nearly $79,000 at time of writing, according to Blockchair.

DOGE is currently trading around $0.078 and is down more than 2% in the past 24 hours.

The blockchain tracker Dogecoin Whale Alert also tracked some of the largest DOGE whale movements on Thursday, including:

• 22,410,505 DOGE worth nearly $1.78 million transferred from Binance wallet to an unknown wallet
• 14,987,618 DOGE worth nearly $1.18 million transferred from unknown multiple wallets to Binance wallet
• 14,956,963 DOGE worth more than $1.17 million transferred from Top-20 wallet to an unknown wallet
• 15,000,000 DOGE worth more than $1.19 transferred from an unknown wallet to an unknown wallet

Generated Image: Midjourney
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