Wednesday, April 17, 2024

Dogecoin Rises 4% — Trades Above $0.69 As Old Wallet Moves 5M Coins

Dogecoin Rises 4% — Trades Above $0.69 As Old Wallet Moves 5M Coins


Dogecoin (CRYPTO: DOGE) has witnessed a 4% surge today, surpassing the $0.69 threshold, all while Bitcoin (CRYPTO: BTC) continues to experience a decline.

What Happened: This comes as a Dogecoin wallet suddenly made three separate transfers on October 28 and October 29, shifting 5,392,984 DOGE worth $372,461 to a different wallet after being idle for 9.8 years.

The wallet's sudden activity was initially detected by the blockchain tracking platform, blockchair. The wallet in question had remained inactive since 2014

However, in light of Dogecoin’s current trading prices, the value of the wallet has skyrocketed by 80,000% to approximately $376,758 ...

Full story available on Benzinga.com