Dogecoin whale wakes up from founding year

A Dogecoin whale that was first active in 2013 has awakened. The unknown crypto investor has moved five million DOGE.

According to on-chain data on Oct. 29, an unknown cryptowhale moved about five million DOGE to another wallet.

The transaction took place in multiple batches from different addresses.

In 2013, the first Dogecoin transaction was received on the wallet. At that time, the Memecoin traded at just 0.00054 US dollars.

At the time of going to press, the equivalent value is 0.06762 US dollars.

The most powerful Dogecoin shareholder is currently Robinhood. There are about 32.9 billion DOGE worth US$2.3 billion on the trading platform.

According to Bitinfocharts the largest five Dogecoin investors own more than 35 percent of all tokens. This makes the network, which was founded as a joke in 2013, extremely centralized.