A mysterious Dogecoin (DOGE) wallet has transferred assets after a nearly nine-year hiatus. This move coincided with Elon Musk’s takeover of Twitter earlier this week. According to the data, the mystery wallet transferred massive DOGE tokens to multiple addresses. At the same time, the crypto community is waiting for Dogecoin’s Twitter integration. Therefore, the DOGE price has been on the rise. Here are the details…
An old Dogecoin wallet is on the move
The owner of a Dogecoin wallet has mobilized his funds after nine years. The last time Dogecoin in the wallet was actively used was the end of 2014. cryptocoin.com As we have reported, DOGE officially launched as an open-source peer-to-peer cryptocurrency on December 6, 2013. This means that the wallet belongs to some of the earliest supporters of the Dogecoin project. The Whale Alert findings at the time in question indicated that the wallet containing 2,374,814 DOGEs interacted. Currently, the amount in the wallet points to $338,611.
Around November 2, he transferred $338,611 from the dormant wallet. There was a price increase of more than 100 percent at DOGE at the time. As it is known, behind this is Elon Musk’s Twitter reception. DOGE is currently changing hands at $0.127, up 3.2 percent, according to available data. On November 5, in another major DOGE wallet transfer from Binance, approximately $6 million worth of Dogecoin was transferred.
Will the expected move from Elon Musk come?
Elon Musk’s support for Dogecoin has given the meme coin the much needed boost during the current bear market cycle. Not surprisingly, the DOGE price rose by about 125 percent at one stage after Musk officially took over the social media company. Meanwhile, with the takeover of the Tesla CEO, hopes have risen that Dogecoin will be integrated into payments. In fact, Musk was almost hinting recently that Twitter will accept Dogecoin payments.
He tweeted a picture of his Shiba Inu dog wearing a Twitter T-shirt on the occasion of Halloween. More interestingly, Musk liked a tweet from a Twitter user asking about the possibility of crypto-based payments. So far, Elon Musk has signaled that crypto payments on Twitter are coming soon. But recently there have been reports that the issue of integrating payments has been suspended.
Musk’s support for the meme coin has caused short-term bullishness in the past. The entire social media platform is ready to offer the renewed Twitter Blue service for $8. Therefore, according to some experts, there is a possibility that the crypto payment integration will be discovered by the company.
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