Dogecoin Wallet With 1.5M DOGE Springs To Life After 9 Years

A Dogecoin DOGE/USD address containing 1.55 million DOGE worth approximately $123,155 on Thursday awakened after remaining dormant for 9.3 years. 

What Happened: The fact that this dormant wallet was reactivated after such a long period of stagnancy suggests that the holders may have acquired the coins shortly after Dogecoin’s invention.

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Why It Matters: Last month, a number of inactive DOGE wallets sprang back to life after remaining dormant for extended periods. 

In May, over 151 million Dogecoin worth $12 million was moved from cryptocurrency exchange Binance to an unknown wallet.

Data from Blockchair showed multiple transfers between Binance wallets. The platform reported that 90 million Dogecoin worth $7.2 million were moved from multiple wallets to one Binance wallet, while another transfer of 12.9 million Dogecoin worth $1 million was done from Binance to an unknown wallet. 

Price Action: At the time of writing, DOGE was trading at $0.078, down 0.94% in the last 24 hours,  according to Benzinga Pro.

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