An old Dogecoin (DOGE) investor has returned to the cryptocurrency market after a long hiatus, according to a report by Whale Alert. The investor holds approximately 3.7 million DOGE, equivalent to approximately $662,519, and this is the first time he has traded since January 2014. The unexpected return of this long-dormant investor has attracted significant attention in the cryptocurrency community, especially because it coincides with the upcoming DOGE Day on April 20, a day that holds cultural significance for Dogecoin enthusiasts.

Historically, the reappearance of dormant big players like this has often sparked speculation about the possible market impact. Similar situations have involved participants in past ICOs, especially in Ethereum, which makes cryptocurrency enthusiasts pay close attention to market dynamics after such an event.

This resurgence comes amid Dogecoin’s recent surge in popularity, which has seen it cement itself as the eighth-largest cryptocurrency by market capitalization, with a current market capitalization of $25.5 billion and a price per token of $0.17. However, despite this renewed attention, Dogecoin encountered volatility in April, with the price falling by 19.2% in the past four days. This contrasts with the significant growth observed between February and March, during which Dogecoin’s value surged by 180%.

With this old Dogecoin behemoth back in active trading, the cryptocurrency community is waiting for further developments and assessing the possible impact on market trends, especially as the highly anticipated DOGE Day approaches. The return of this ancient DOGE behemoth certainly adds a layer of mystery to the development narrative of this popular meme-based cryptocurrency.