Dogecoin (DOGE) Address Activated After 11 Years

Dogecoin Whales Stir After 11-Year Slumber

According to Whale Alert, a Dogecoin (DOGE) address dormant for an astonishing 11 years has come to life. This address harbors 870,019 DOGE tokens, currently valued at approximately $400 million.

Launched in 2013, Dogecoin's longevity is reflected in this address, which existed since the coin's inception. The community's passion propelled its rise, culminating in mainstream attention in early 2014 from their support of the Jamaican bobsleigh team at the Winter Olympics.

Unlike other altcoins from its era, Dogecoin experienced a resurgence in 2021, surging over $90 billion in market cap. While still trailing its May 2021 high by 40%, November's rally suggests profit-taking by long-term holders.

Two other ancient Dogecoin addresses reawakened in November after nearly 11 years of inactivity. Preceding the recent rally, such activations were infrequent. However, several decade-old DOGE addresses emerged in May and April.

CoinGecko data places Dogecoin as the seventh largest cryptocurrency by market cap, ahead of Cardano (ADA). Over the past week, DOGE has appreciated by nearly 6%.