Dogecoin has gained significant popularity as a meme coin, serving as an inspiration for a multitude of other animal-themed cryptocurrencies. These meme coins, as their name implies, were initially created as a lighthearted joke. However, they have experienced a remarkable surge in popularity in recent times.
Investors who managed to get their hands on DOGE early on managed to make millions. Now, according to the latest details from Whale Alert, a dormant address containing over 2 million Dogecoin has been activated.
Dormant Dogecoin address activated after 9.5 years
The whale address with over 2 million Dogecoin is now worth almost $131,178. The dormant address was activated after almost 9.5 years of no activity.
The activation of a dormant address after nearly a decade has ignited a flurry of theories and speculation. Among them is the belief that the individual responsible for the coins may be the original holder, potentially linked to Dogecoin’s early days, making a reappearance.
Also read: Three Arrows Capital Liquidators Demand $1.3B from Bankrupt Fund’s Founders in Legal Battle
On the other hand, some even speculate that this could be due to the recent surge in the price of Dogecoin. According to CoinMarketCap data, DOGE is up by 5.3% in the last seven days. While DOGE was created as a lighthearted joke, it evolved into the largest meme coin. It has also paved the way for numerous meme coin creations.