Dogecoin Wallet Surges with 30,000% Profits Following 9-Year Inactivity
A Dogecoin wallet that had been dormant for over 9 years suddenly became active, holding over $1.31 million worth of Dogecoin. The wallet owner is speculated to have acquired the tokens shortly after Dogecoin was launched in 2013 by Billy Markus and Jackson Palmer. Dogecoin gained popularity due to its playful nature and the use of the “doge” meme featuring a Shiba Inu dog. The meme became a versatile medium for conveying various messages, further fueling the attraction towards Dogecoin. The 2 million DOGE tokens held in the wallet could have been valued at $424 at the time of acquisition, but have since increased by 30,838.2% over the last 9 years. It is worth noting that Markus, one of the co-creators, sold all of his DOGE holdings in 2015. The reasons behind crypto addresses going dormant remain unknown, but it is speculated that early adopters held onto the tokens in anticipation of a surge in prices. At the time of writing, DOGE was trading at $0.065, up 0.67% in the last 24 hours.
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