• A Dogecoin wallet that had been dormant for 9.3 years suddenly showed signs of activity today, with a balance of 1,215,614 DOGE (worth $116,000).
• The address last made a transaction on January 16th, 2014 and its first transaction was on December 21st, 2013.
• During the time the address was active it received DOGE worth a total of about $412, which implies a profit of 28,055%.
Dogecoin Wallet Comes Alive After 9.3 Years
According to data from the cryptocurrency transaction tracker service Whale Alert, a very old Dogecoin (DOGE) wallet has made movement on the blockchain during the past 24 hours. The wallet had not seen activity since January 16th 2014 and contained 1,215,614 DOGE (worth around $116,000 at current exchange rate).
Transaction Details
The holder sent out 823 DOGE ($79) in this transaction with a fee of only 1 DOGE. Not too long after this movement there was another transfer of 116,000 DOGE ($11,100). This makes it seem like the initial transfer may have only been used as a test before making the larger one.
First Transaction
The address’s first transaction took place on December 21st 2013 when an incoming of just 0.1 DOGE into the address occurred; this was only two weeks after Dogecoin launched. This means that whoever is holding this wallet must have been one of its earliest adopters.
Profit Calculations
During its active period this address received Dogecoins worth around $412 which implies that in its period inactive it managed to amass an impressive 28,055% profit.
Conclusion
This article has outlined how an old Dogecoin wallet has recently shown signs of activity after 9 years without any movements being made on it. It is possible that whoever holds this wallet could be one of Dogecoin’s earliest adopters due to their first transaction occurring shortly after its launch and going by the profit calculations they have done well over these nine years!