An inactive dog coin ($DOGE) address 1556994DOGE ($123155) reappeared after dormant for 9.3 years
An inactive dog coin ($DOGE) address 1556994DOGE ($123155) reappeared after dormant for 9.3 years. Dogecoin is an idea created by founders Billy Markus and Jackson Palmer, originally developed in 2013 as an easy imitation of cryptocurrencies.
The resurrection of this dormant address indicates that these tokens may have been acquired shortly after the establishment of Dog Coin, highlighting the resilience of this address over a longer period of time. Another possibility is that the lost key in the wallet has been retrieved, allowing the account to be reactivated.
Recently, it has been observed that this phenomenon of long-term inactivity of dog coin addresses has been revived, including the reactivation of accounts with years of inactive deposits. Just last month, a wallet containing 1.2 million dog coins resumed activity after 9 years of silence.
According to reports, tens of billions of meme inspired cryptocurrency tokens are now held by long-term investors, as entities holding cryptocurrency for over a year now have 44.8 billion tokens worth over $3.7 billion.
According to data from crypto analysis company IntoTheBlock, this is the highest supply of DOGE held by long-term investors since October 2021, when the cryptocurrency traded at approximately $0.30. The company's data also shows that long-term DOE investments
The number of people has been steadily increasing since the beginning of the year.
Dogcoin is currently the eighth largest cryptocurrency by market value and remains an outstanding figure in the industry. During the highly publicized "Dogeday" event on April 20th, the token gained widespread attention, coinciding with the flagship launch of a starship rocket.
Despite the unexpected way the incident unfolded, with the popularity of the "Dogday" tag on Twitter, Dogcoin still caught people's attention. The cryptocurrency has recently been listed on the Coins.ph exchange (launched in 2014), which claims to be the "most mature cryptocurrency brand in the Philippines" with over 16 million users and announced that it will increase support for $DOGE later today
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