Dormant Dogecoin Wallet Moves 10 Million DOGE Amid ETF Speculation

A dormant Dogecoin wallet, holding over 10 million DOGE, was reactivated, sparking market reactions and ETF launch speculation.

This movement indicates increasing whale activity and retail investor interest, with DOGE experiencing significant price and volume fluctuations.

10 Million DOGE Moved by Dormant Whale Wallet

In a notable event, a dormant Dogecoin whale wallet holding 10.366 million DOGE became active after two years while withdrawing from Binance. This shift has sparked ETF speculation and increased community interest.

The wallet, identified via analytics as 0x10DF1A308F, was reactivated. The funds were moved on-chain, resulting in heightened market curiosity and investor activity on platforms.

DOGE Price Soars 5.2% After Wallet Reactivation

The market impact included a 5.2% increase in DOGE’s price within 24 hours and a weekly 8% performance gain. Trading volumes reflected upticks, surpassing DOGE’s market heights, indicating heightened activity.

This market shift comes without significant remarks from top industry figures or regulatory entities, yet has influenced retail investment trends, showcasing renewed interest in alternative assets like DOGE.

Dormant Wallet Activity Could Signal Whale Accumulation

Similar events have occurred in crypto, such as recent DOGE and BTC wallet awakenings. These typically signal long-term holder actions and may influence bullish sentiment for the underlying assets.

Historical data suggests these movements could lead to whale accumulation and increased retail participation. As noted by @OnchainLens, “Whale address 0x10DF1A308F… saw a reactivation after 2 years, withdrawing 10.366M DOGE from Binance,” indicating watchfulness of potential trends in the DOGE market tied to such activities. Retail curiosity about DOGE is growing, demonstrating renewed interest in alternative assets. Whale address reactivation reference.