The Dogecoin community has been stirred following a recent activation of a dormant Dogecoin wallet containing 1,215,614 DOGE equivalent to roughly $116k at the current market price after over 9 years of inactivity.
Recent weeks appear to be Dogecoin weeks as the popular meme coin DOGE, surged in price due to many factors. One of the factors is Elon Musk’s move that saw Dogecoin’s Shiba Inu image replacing the Twitter bird logo which, however, led to a notable spike (2,000%) in the search for Dogecoin.
Among the comments in the Dogecoin community is whether or not there is a possibility of the new wallet activation related to Elon Musk’s move to use the meme coin image as the new Twitter logo.
After being introduced in late 2013, Dogecoin gained popularity in 2014, it is currently one of the largest cryptocurrencies by market cap, thanks to the DOGE community and the self-acclaimed “DOGE Father”, Elon Musk, who has been keeping the meme coin afloat.
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