Doge’s Rise: Dormant Wallet Sparks Frenzy, Bitcoin Takes a Tumble

"Dogecoin Wallet from 2014 Awakens, Transfers Millions: Value Skyrockets by 80,000%"

A Dogecoin wallet that had been inactive since 2014 recently made a surprising move by transferring 5,392,984 DOGE, equivalent to $372,461, to another wallet. The transfer took place on Thursday and Friday of last week and was detected by Blockchair, a blockchain tracking tool. This sudden activity caused the value of the previously dormant wallet to skyrocket by an incredible 80,000% to nearly $376,758, thanks to the current trading prices of Dogecoin.

Dogecoin, a cryptocurrency introduced on December 6, 2013, was created by Billy Markus and Jackson Palmer. Their aim was to offer a lighthearted and fun alternative to the more serious world of cryptocurrencies. The design of Dogecoin drew inspiration from the popular Shiba Inu meme. Markus was responsible for the initial four releases of the coin, while Palmer managed the website.

In other news, there is a growing sense of anticipation surrounding the potential approval of a Bitcoin Spot ETF. This topic is expected to be a major point of discussion at the upcoming Future of Digital Assets event organized by Benzinga.

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Martin Reid

Martin Reid

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