Hold 870,019 Dogecoin For 11 Years, This Person Becomes Trillion

JAKARTA - The first meme coin, Dogecoin (DOGE), has again given birth to a new rich person. This was revealed after the address of an old crypto wallet that has been inactive for 11 years has now been reactivated. The crypto wallet address contains 870,019 DOGE which is currently worth 400 million US dollars or equivalent to Rp6.32 trillion. Even so, it is not yet known the owner of the crypto address who is now a trillioner.

Interestingly, the phenomenon of activation of old addresses did not only happen this once. According to a UToday report, last month, two other Dogecoin addresses that have also been inactive for almost 11 years also returned to make transactions. These activations occurred on November 10 and 24, and previously also recorded in April and May 2023.

Dogecoin is now in seventh place on the list of the largest cryptocurrencies by market cap. DOGE managed to outperform Cardano (ADA). In the past week, the price of Dogecoin has increased by almost 6% based on CoinGecko data on Sunday, December 8, 2024.

The Beginning Of Dogecoin

Dogecoin itself was originally launched as a joke, but quickly gained popularity thanks to its active and well-known generous community. One of the important moments in Dogecoin's history was in 2014, when its community managed to raise funds to send a Jamaican bobbsleigh team to the Winter Olympics. Since then, Dogecoin has continued to grow and become more than just a meme coin.

In 2021, Dogecoin will reach its highest peak with market capitalization soaring by more than 90 billion US dollars (Rp1,426 trillion). Although currently the price has fallen by about 40% from this record high, Dogecoin is still showing strong performance, even recorded to have experienced a significant increase in November 2023.