A Dogecoin wallet that had been inactive for almost 10 years recently resurfaced with a value of $1.3 million, thanks to the cryptocurrency’s staggering returns of 30,000%. The wallet was untouched since it was created in 2013, leading to speculation that the owner is likely one of the early adopters of Dogecoin. The cryptocurrency, originally created as a joke, gained popularity for its philanthropic projects, including raising funds for the Jamaican bobsleigh team in 2014. The sudden activity of the wallet coincides with financial giants like HSBC Asset Management showing concerns about a potential global recession. Dogecoin is also known for its celebrity support, including Elon Musk, who has hinted at accepting DOGE payments for his companies Tesla and SpaceX.
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