Dormant DOGE Wallet Wakes Up From Dead

Dogecoin News: Elon Musk’s favorite meme cryptocurrency, Dogecoin (DOGE) price has registered a slide despite the recent recovery rally. DOGE prices declined by around 5% over the past 60 days while Shiba Inu (SHIB) prices are up by a whopping 58% in the same period. However, a new whale activity has left the DOGE community confused.

No Buzz Around Dogecoin?

As per the data provided by WhaleAlert, a dormant wallet holding 2.043 million Dogecoin (approx worth $186k) just got activated. The unknown owner of the dormant wallet decided to activate it after a long period of 9 years.

However, this activation has come when Dogecoin is riding low on sentiments. The DOGE enthusiasts have been waiting for some updates on new projects. While Elon Musk hasn’t mentioned Dogecoin in his recent tweets.

Dogecoin price is down by 4% in the last 24 hours. DOGE is trading at an average price of $0.092, at the press time. However, its 24 hour trading volume is also down by over 50% to stand at $543 million. Meanwhile, it is still the largest meme crypto with a market cap of over $12.2 billion. Read More Dogecoin News Here…

As per the data, Several whales have been caught moving more than 41 million DOGE (approx worth $4 million) in multiple transactions.

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.