Dogecoin’s latest drop has reduced its gains on the year to under 20% and traders are once again questioning whether Dogecoin ever managed to truly break out of its bear market that begin in the second half of 2021 and lasted through most of 2022. The cryptocurrency is still up an impressive more than 60% from its 2021 lows under $0.05.

Whale Alert, a Twitter bot that tracks large cryptocurrency transactions, has reported that a dormant Dogecoin address holding 2,043,137 (2.04M) DOGE has been activated for the first time after 9.1 years.

Meme cryptocurrencies are an inseparable part of the crypto sphere. In this guide, I will tell you everything you need to know about meme coins and how to find and analyze them.

Twitter head Elon Musk said Twitter will start sharing ad revenue with creators starting today. The initiative is applicable for advertisements that appear in creators’ reply threads. This is yet another initiative from the Tesla CEO, who had been planning to improve the revenue model for the social media platform. The latest initiative is also indirectly linked to the crypto market as there has been long time speculation of Twitter introducing Dogecoin (DOGE) based payments.

Deaton believes such an outcome would not be unreasonable under the current SEC regime.

The doggy-themed meme coin ended January on a high in terms of price and on-chain activity.

Data shows Dogecoin whales have made some large moves over the past day.

Whales transferred large amounts of Dogecoin (DOGE) amid reports claiming Elon Musk started applying for regulatory licenses in the U.S. for Twitter payments. The Dogecoin community has been actively awaiting Dogecoin integration on Twitter, as hinted by Elon Musk earlier. The DOGE price has rallied nearly 10% in the last 24 hours, while other cryptocurrencies fall.

After failing to overcome $24,000 yesterday, bitcoin took a serious dive and dropped by over $1,500 at one point.

Crypto whales are suddenly relocating their XRP and Dogecoin (DOGE) troves as the two altcoins continue to lag behind Bitcoin (BTC).