Dormant Dogecoin Whale Becomes Active Again After A Decade
A dormant Dogecoin (DOGE) whale with a wallet balance of 893,303 DOGE (about $145,101) became active on May 22 after over 10 years of inactivity. The account made a transaction for the first time since May 2014. The sudden resurgence has sparked fears about the impact of such a transaction on Dogecoin’s price trend.
According to Whale Alert, the Dogecoin Whale transferred 23,338 DOGE, valued at about $4,000, to Binance, the world’s largest cryptocurrency exchange.
Despite the big transfer, the whale still holds over 869,964 DOGE, worth about $141,101.
The latest reawakening isn’t an isolated event. Earlier in the month, a Dogecoin Whale transferred $60 million in DOGE to Robinhood, which had just received a Wells Notice from the Securities and Exchange Commission (SEC).
On May 21, Whale Alert revealed another major transaction. The transaction involved shuffling a 600 million DOGE, approximately valued at $100 million, between two unknown wallet addresses. Specifically, the Dogecoin whale transferred 300 million DOGE to each wallet.
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