A dormant cryptocurrency portfolio with more than 2.3 million . has awakened Dogecoin For the first time after 9 years, its value is currently estimated at about 339,000 dollars, according to what was published by the 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 on Bitcoin.
Dogecoin is mined with a Proof of Work mechanism, and the cryptocurrency is back in vogue after Elon Musk bought Twitter, as the LGBT community expects him to add Dogecoin payments to the platform.
Meanwhile, crypto whales on Dogecoin have become more active and are moving huge amounts of the popular meme.
Crypto tracker Whale Alert stated in a set of tweets that 1.1 billion cryptocurrencies were transferred between anonymous accounts in the past 24 hours, while noting that some were transferred to the Binance exchange. Some of the transactions witnessed the transfer of staggering amounts of Dogecoin, including two transactions of 150 million and 300 million Dogecoins.
The total value of Dogecoins transferred is approximately $146.5 million.
This comes as Dogecoin is up 117% over the past week.
In turn, the world’s richest man, Elon Musk, is considering adding Dogecoin payment on Twitter, according to a tweet posted on Tuesday of a photo with a Chia Inu dog wearing a T-shirt with the Twitter logo. Which LGBTQ people took as a hint that Dogecoin payments will soon be integrated.
In another tweet, when asked directly if he intends to integrate Dogecoin or if he is working with the Dogecoin development team on this, Musk tweeted an eyes emoji.
In a related context, Musk decided to charge a fee of $8 per month for each owner of the blue investigation marks.