A First on Dogecoin Since 2014: Elon Musk Influence?

A mysterious Dogecoin (DOGE) wallet has transferred assets after nearly nine years of absence. This move coincided with the takeover of Twitter by Elon Musk earlier this week. According to the information, the mystery wallet transferred huge DOGE tokens to multiple addresses. At the same time, the crypto community is waiting for Dogecoin’s Twitter integration. Therefore, the DOGE price has been on the rise. Here are the details…

An old Dogecoin wallet is on the move

The owner of a Dogecoin wallet has mobilized his funds after nine years of absence. The last time Dogecoin in the wallet was actively used was the end of 2014. Koindeks.com As we have reported, DOGE officially launched as an open-source peer-to-peer cryptocurrency on December 6, 2013. This means that the wallet belongs to some of the earliest supporters of the Dogecoin project. The Whale Alert findings on the date of the speech indicated that the wallet containing 2,374,814 DOGEs interacted. Currently the measure on the wallet is $338,611.

Around November 2, he transferred $338,611 from the dormant wallet. There was a price increase of more than 100 percent at DOGE at the time. As it is known, behind this is Elon Musk’s Twitter reception. According to the available information, DOGE is currently changing hands at $0.127 with an increase of 3.2 percent. On November 5, in another major DOGE wallet transfer from Binance, approximately $6 million worth of Dogecoin was transferred.

Will the expected attack from Elon Musk come?

Elon Musk’s foundation for Dogecoin has given the chest coin the much-needed impetus during the current bear market cycle. Not surprisingly, the DOGE price rose by about 125 percent at one stage after Musk officially took over the social media company. In the midst of this, hopes have risen that Dogecoin will be integrated into payments, with the Tesla CEO taking on the mission. In fact, Musk was almost hinting recently that Twitter will accept Dogecoin payments.

He tweeted a photo of his Shiba Inu dog wearing a Twitter T-shirt on the occasion of Halloween. More interestingly, Musk liked a tweet from a Twitter user asking about the possibility of crypto-based payments. So far, Elon Musk has signaled that crypto payments on Twitter are coming soon. Recently, however, there have been reports that the issue of integrating payments has been suspended.

Musk’s reinforcements for the chest coin have caused short-term bullishness in the past. The entire social media platform is ready to offer the revamped Twitter Blue service for $8. Therefore, according to some experts, there is a possibility that the crypto payment integration will be discovered by the company.

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