June 27 (Cointime) - On Tuesday, a previously inactive address containing over two million Dogecoins worth $131,178 was activated, causing speculation among crypto enthusiasts.

Dogecoin was originally created as a lighthearted alternative to Bitcoin but has recently gained popularity due to social media influencers and billionaire Elon Musk. The activation of the dormant address has led to various theories, including the possibility of the original holder resurfacing or it being linked to recent market activity.

Despite its origins as an internet meme, Dogecoin has become a major cryptocurrency with an intriguing narrative.