Dogecoin whale empties wallet after 9 years

$2.37 million of DOGE was transferred from an address that had been dormant for 8.6 years.

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Lookonchain disclosed that the whale’s holding cost was less than $0.001.

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Data from BitInfoCharts shows that whales accumulated DOGE from December 2013, when the coin was issued, through March 2014.

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Wallet Tracker estimates the whale's profit from price movements to be around $326,401.43.

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The whale emptied its wallet with two transactions of 356,285 DOGE and 2,018,529.44 DOGE respectively.

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Parabolic surge in Dogecoin fueled speculation that it is because of $44 billion Twitter deal by Elon Musk, a longtime backer of the DOGE coin.

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At the time of writing, Dogecoin price is $0.140928 with a live market cap of over $18 billion USD.

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