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Reputable cryptocurrency tracker Whale Alert, which tracks large cryptocurrency transactions, has detected a reactivated inactive address: it contains 5,392,984 Dogecoin, now worth $372,461.
The last time this wallet was active, according to the cryptocurrency tracking platform, was 9.8 years ago: 2013. This is the year DOGE was launched on the market by its creators Billy Markus and Jackson Palmer, who created this coin meme as a side project. and as a parody of the flagship cryptocurrency Bitcoin. BTC was launched four years earlier.
Billy Markus, when he signed up for Twitter, also adopted an alias that mocks the mysterious creator of Bitcoin, Satoshi Nakamoto. The DOGE co-founder started 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, which was a new wallet. It seems that the whale is distributing its millions of Dogecoin across different wallets.
Earlier this week, between October 25 and 26, the original meme coin DOGE saw a substantial rise of 16.11%, jumping from $0.0649 to the $0.0753 level. DOGE, as well as other altcoins, followed Bitcoin’s broad 13% rise as it reclaimed the $34,100 level on October 24.
However, this momentum did not last long for Dogecoin. At the time of writing, the meme coin is changing hands at $0.0682, having lost 9.35% since that jump on Thursday.
Earlier today, it was reported that an anonymous whale transferred a staggering amount of 350,000,000 DOGE to the popular trading platform Robinhood, apparently to sell this huge chunk of meme cryptocurrency.
