A dormant Dogecoin whale has resurfaced after a decade. To be less poetic, someone who hadn't touched their belonging for a decade, suddenly made a move.
This wallet, holding 893,303 DOGE (approximately $145,101), executed its first transaction since May 2014 on May 22.
According to Whale Alert, that whale moved 23,338 DOGE, worth about $4,000, to Binance.
Despite this transfer, the whale still holds a substantial 869,964 DOGE. It's worth around $141,101.
This is not a standalone awakening. Earlier this month, another whale transferred $60 million in DOGE to Robinhood.
On May 21, a significant transaction saw 600 million DOGE shuffled between two unknown wallets, highlighting the ongoing intrigue in whale activities.
These movements have sparked a 13.08% increase in DOGE's price. The society of DOGE lovers apparently loved the idea that whales sensed something in the murky crypto waters.
Investors are now keenly observing these whale activities, speculating on their potential impact on Dogecoin’s market trajectory. The recent events have undoubtedly added an element of suspense to the Dogecoin narrative.