Ancient Dogecoin whale has resurfaced after decade-long absence, initiating transactions that could impact DOGE price
whale has reappeared on the cryptocurrency market after more than a decade hiatus, attracting a lot of attention from the community. According to Whale Alert, this whale, which owns an impressive 893,303 DOGE, valued at approximately $145,101, has initiated transactions for the first time since May 2014.The activation of this dormant account was triggered by the transfer of 23,338 DOGE, almost $4,000, to the world's largest cryptocurrency exchange, Binance.
The general consensus and expectation is that these crypto market participants often sell their holdings to take profits after a long period of inactivity. A recent transfer on Binance supports this view, suggesting that the whale may be preparing to liquidate some of its assets.Despite this significant transfer, this whale still owns over 869,964 DOGE, worth about $141,101.
He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.Vitalik Buterin Reveals Biggest Ethereum Challenge Now
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