A dormant cryptocurrency wallet with over $ 2.3 million has awakened Dogecoin For the first time in 9 years, its value is currently estimated at $ 339,000, according to cryptocurrency tracker Whale Alert, and viewed by Al Arabiya.net.
Dogecoin was created by IT engineers Billy Marcus and Jackson Palmer in 2013 as a parody of Bitcoin.
Dogecoin is mined with a Proof of Work mechanism and the cryptocurrency is back in vogue after Elon Musk bought Twitter, where he is expected to add Dogecoin payments to the platform.
Meanwhile, cryptocurrencies on Dogecoin have become more active and have moved huge amounts of the popular currency.
Cryptocurrency tracker Whale Alert said in a series of tweets that 1.1 billion cryptocurrencies have been transferred between anonymous accounts in the past 24 hours, noting that some have been transferred to the Binance exchange. Some of the transactions saw the transfer of staggering amounts of Dogecoin, including two 150 million and 300 million Dogecoin transactions.
The total value of the transferred Dogecoins is approximately $ 146.5 million.
This happens because Dogecoin has risen 117% in the past week.
In turn, the richest man in the world, Elon Musk, is considering adding Dogecoin payment to Twitter, according to a tweet posted Tuesday of a photo with a Chia Inu dog wearing a Twitter logo t-shirt. Which was seen as a suggestion that Dogecoin payments will soon be integrated.
In another tweet, when asked directly if he intends to integrate Dogecoin or if he’s working with the Dogecoin development team on this, Musk tweeted an eye emoji.
In a related context, Musk has decided to charge a fee of $ 8 per month for each owner of the blue survey brands.
