After a decade of dormancy, an ancient dogecoin whale resurfaces

With a hoard of 3.7 million Dogecoin (DOGE), worth around $662,519, this long-forgotten whale made headlines when he started transactions for the first time since January 2014. The cryptocurrency community has taken notice of the move, particularly as it coincides with DOGE Day, which is scheduled for April 20 and is significant for Dogecoin supporters. Reminiscent of other instances where investors who had been dormant suddenly became active and sent shockwaves across the cryptocurrency market, the whale's resurrection is generating conjecture about possible effects on the market.

With a $26 billion market capitalization and a $0.18 token price, Dogecoin is currently the eighth-largest cryptocurrency. Its notoriety has been growing steadily. As DOGE Day draws near, the unexpected actions of one long-time DOGE investor have startled market observers and contributed to the excitement. In light of Dogecoin's rising popularity, the cryptocurrency community is closely watching how this event can affect the dynamics of the market.