A Dogecoin (DOGE) whale that had been quiet since late January 2014, less than two months after the launch of the leading meme coin, surfaced on Thursday morning.
According to the blockchain monitor Whale Alert, the whale transferred 550,999 DOGE, or around $43,500, to two unidentified wallets after hanging onto them for more than nine years.
This quantity of DOGE was worth approximately $845 in January 2014, so its value has increased by more than 5,000% since the last time the address was active.
More than $400,000 might have been made with that 550,999 DOGE in May 2021, when the price of a single Dogecoin peaked at roughly $0.73.
According to Blockchair, the previously inert wallet still contains a balance of 1,005,995 DOGE valued at nearly $79,000 at the time of writing.
DOGE is currently trading at $0.078 and has decreased by more than 2% over the past 24 hours. Dogecoin Whale Alert, a blockchain tracker, also monitored some of the largest DOGE whale movements on Thursday, including:
Approximately $1.78 million worth of DOGE was transmitted from a Binance wallet to an unknown wallet.
More than $1.17 million worth of DOGE was transmitted from a Top-20 wallet to an unknown wallet.
15,000,000 DOGE worth over $1.19 were transmitted from an unidentified wallet to an unidentified wallet.