One dogecoin (DOGE) wallet suddenly woke up after more than nine years of hibernation, realizing a massive increase in the value of its assets.
Crypto According to data from whale tracker Whale Alert, the dormant address holding 2,043,137 DOGE dumped tokens over the weekend to pocket the exponential gains.
According to distributed ledger explorer Blockchain.com, its owner accumulated the DOGE stash in several transactions in December 2013, and then remained completely silent until he traded the tokens last weekend.
During the same time frame, the dog-themed meme coin was trading around $0.00043 in December 2013. It rose to $0.0920 at the time of this writing. There was a staggering 21,315% increase in price. The value of the wallet’s DOGE assets jumped from approximately $878.55 to $186,364 during transactions.
Koinfinans.com As reported by Blockchain analytics firm IntoTheBlock, 62% of DOGE owners are currently profitable on their investments, while 35% see red.
Last week, a Dogecoin engineer said that a new version of the blockchain utility-enhancing tool is about to be released.
Michi Lumin told his 32,000 Twitter followers that Libdogecoin 0.1.2 is on the way, but no specific date was given.
The nonprofit Dogecoin Foundation, which is working to advance the project’s ecosystem, says that Libdogecoin, which was first launched in August 2022, aims to increase utility through wider adoption.