Ancient Dogecoin (DOGE) Major Returns to Cryptocurrency Market After Long Silence

An old Dogecoin (DOGE) big trader has returned to the cryptocurrency market after a long hiatus, this news was published by Whale Alert. This large investor holds about 3.7 million DOGE, equivalent to about $662,519, and this is the first time since January 2014 that he has traded. The unexpected return of this long-dormant investor has garnered significant attention in the cryptocurrency community, especially because it coincides with the upcoming DOGE Day on April 20, a day of cultural significance for Dogecoin enthusiasts.

Historically, the resurfacing of a dormant major such as this one has often sparked speculation about possible market implications. Similar situations involving past ICO participants, especially in Ethereum, have led cryptocurrency enthusiasts to pay close attention to market dynamics in the wake of such events.

This resurgence occurred amidst Dogecoin's recent surge in popularity, which cemented its position as the eighth-largest cryptocurrency by market capitalization, which currently stands at $25.5 billion with a price of $0.17 per token. However, despite this renewed interest, Dogecoin has encountered volatility in the month of April, with the price dropping 19.2% over the past four days. This is in contrast to the significant growth observed between February and March, during which Dogecoin's value soared 180%.

With this ancient Dogecoin big player back active in trading, the cryptocurrency community is waiting for further developments and assessing the possible impact on market trends, especially as the highly anticipated DOGE day approaches. The return of this ancient Dogecoin big player certainly adds a layer of mystery to the narrative of the development of this popular Meme coin-based cryptocurrency.