A fascinating trend has emerged in the Dogecoin (DOGE) community as four long-dormant whales have suddenly come to life in 2023.
These ancient holders, who had remained inactive for over nine years, have collectively transferred a significant amount of DOGE, sparking intrigue and speculation within the cryptocurrency community.
Since the beginning of 2023, four ancient Dogecoin whales have been observed making substantial movements. A total of 6,818,192 DOGE were transferred from these dormant accounts, equivalent to $557,157 based on Dogecoin’s price during the recorded activities.
The data was compiled from sources including the Whale Alert Twitter account and the Dogecoin Blockchain, offering a glimpse into this intriguing phenomenon.
Notable Transactions:
- February 5: “DGqsy…HRkx9” moved 2,043,137 DOGE ($186,364) after 9.1 years of inactivity.
- April 4: “DBdFd…KsoA5” transferred 1,215,614 DOGE ($116,460) after being inactive for 9.3 years.
- May 4: “DRRnY…8ZueN” moved 1,556,994 DOGE ($123,155) following 9.3 years of inactivity.
- June 27: “DBw7A…Ymasm” transferred 2,002,447 DOGE ($131,178) after 9.5 years of dormancy.
It is noteworthy that both April’s and June’s ancient Dogecoin whales still retain holdings of 74,257 DOGE ($5,500) and 1 million DOGE ($74,120) respectively. However, the February and May whales left no remaining balance behind.
An interesting correlation was observed as all four Dogecoin transactions occurred on days marked by negative price performance (red days), where the closing price fell below the opening price.
This suggests a potential impact of the ancient whales’ movements on DOGE’s price dynamics during these periods.
As of the latest data, Dogecoin is trading at $0.07407, experiencing a 0.88% loss in the past 24 hours.
In terms of market capitalization, Dogecoin holds the 7th position with a total market cap of $10.37 billion. Over the past 30 days, DOGE has seen a positive trend, registering gains of 3%.
