Dormant Dogecoin Address Activated After 9 Years
WHAT YOU SHOULD KNOW
- A dormant Dogecoin address holding over 1.2 million DOGE has been activated
- The activation followed Elon Musk’s Twitter logo change to a Shiba Inu dog
- The price of Dogecoin surged 30% within half an hour of the Twitter logo change
An address holding more than 1.2 million Dogecoin, which has been dormant for over 9 years, has been activated. This happened a day after Elon Musk replaced Twitter’s blue bird logo with that of a Shiba Inu dog, the same breed that inspired the creation of Dogecoin. The wallet contains approximately $116,460 worth of DOGE, but the reason for the account’s reactivation is unclear. This news highlights the continued interest and influence of public figures like Musk in the cryptocurrency market.
On Monday, the price of Dogecoin experienced a rapid increase of over 30% in just half an hour after Elon Musk replaced Twitter’s logo with that of a Shiba Inu dog. The reason for this change is unclear, but it could be related to Musk’s fondness for the meme-based cryptocurrency. As of the last 24 hours, Dogecoin was trading at $0.097, representing a 1.10% increase.
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