Dogecoin (DOGE) Wallet Abruptly Comes to Life After Nine Years of Hibernation
A Dogecoin (DOGE) wallet is suddenly re-awakening after more than nine years of hibernation to realize a massive increase in the value of its holdings.
According to data from crypto whale tracker Whale Alert, the dormant address, which was holding 2,043,137 DOGE, unloaded the tokens over the weekend to pocket exponential gains.
The holder accumulated the DOGE stash across several transactions in December 2013 and then went completely silent until trading the tokens this past weekend, according to the distributed ledger explorer Blockchair.com.
In that same time period, the dog-themed meme asset went from trading around $0.00043 in December 2013 to $0.0920 at time of writing, a staggering 21,315% increase in price. The value of the wallet’s DOGE holdings skyrocketed from around just $878.55 to $186,364 at the time of the trades.
According to blockchain analytics firm IntoTheBlock, 62% of DOGE holders are currently profitable in their investments while 35% are seeing red.
Last week, a high-ranking Dogecoin engineer said that a new version of the blockchain’s utility-enhancing tool is about to launch.
Michi Lumin told his 32,000 Twitter followers that Libdogecoin 0.1.2 is on its way, although no specific date is given.
“Libdogecoin 0.1.2 soon with easy to integrate mnemonic/seedphrase generation and QR code production, also better MSVC (Microsoft Visual C++)/MSVS (Microsoft Visual Studio) support.”
The nonprofit organization Dogecoin Foundation, which works to advance the project’s ecosystem, says Libdogecoin, which was initially launched in August 2022, is intended to improve utility through wider adoption.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Credit: Source link
Comments are closed.