A Dogecoin wallet comes back alive after almost a decade

A dormant dogecoin wallet has come alive after nine years. According to data from Whale Alert, an inactive doge wallet is finally showing some activity after 9.1 years. So far, it carries a balance of about 2M Doge, an equivalent of 186,364 USD.

The last activity seen in the wallet was on December 31st, 2013, its first transaction two weeks prior.

The wallet holder is one of its early adopters as it was officially launched on December 6th, 2013, and a transfer was made nine days later.

Upon its launch, the DOGE price was only about $0.0002979. The first transaction in the wallet was a deposit of around 24,894 DOGE, worth just $7 at the time. This is one of many amounts the wallet received, as it continued to receive more Doge in December though there were no outflows from the account. The last deposit was on December 31st. This made the cumulative amount in it to be equivalent to $806.75 or 2,043,137 DOGE.

The wallet then went dormant for nine years until recently. There might be a chance that the owner lost the keys to the wallet.

So far, two transactions have taken place. The first involved sending 10,176 DOGE, worth $937.4. The second is transferring all the balance in the wallet, which was 2,032,961 DOGE, at $187,268.3. The wallet holder may have sold away all his coins at $188,205.7, translating to a 23,228.9% profit.

This proves it is more profitable than even real estate as it is hard to make such profits in a normal scenario. There are high chances the owner of the wallet had lost his keys because if he had them, he would have already sold the coins or art of them in the bull runs that have been happening. Since the crypto market has tanked, many fear disposing of their coins.

Despite the recession and current situation in the crypto market, Dogecoins is currently trading at $0.0916, meaning it has increased by 6% in a week.