In response to knowledge supplied by Whale Alert, a Dogecoin (DOGE) handle was just lately activated for the primary time after a whopping 11 years of dormancy.
The handle accommodates 870,019 DOGE tokens which might be at the moment price almost $400 million.
The main meme coin by market capitalization was launched again in 2013, which implies that the aforementioned handle has been round because the coin’s very inception.
The cryptocurrency rapidly gained prominence and managed to construct a somewhat passionate on-line group. In early 2014, the Dogecoin group gained some mainstream media protection after elevating funds to ship the Jamaican bobsleigh workforce to the Winter Olympics.
As a substitute of fading into obscurity like many distinguished altcoins from 2013, Dogecoin ended up changing into larger than ever in 2021, with its market cap hovering above $90 billion.
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Dogecoin continues to be down roughly 40% from its report excessive that was recorded in Could 2021, but it surely recorded a considerable rally final November.
Therefore, it’s not far-fetched to imagine that some diamond-handed holders are taking earnings.
Final month, two different historical Dogecoin addresses have been activated after almost 11 years of inactivity (on Nov. 10 and Nov. 24, respectively).
Previous to the latest rally, such transfers have been comparatively uncommon. Extra decade-old DOGE addresses have been activated in Could and April.
In response to CoinGecko knowledge, Dogecoin stays the seventh largest cryptocurrency by market capitalization, surpassing Cardano (ADA). It’s up by almost 6% over the previous week.