Mishaboar, a longtime Dogecoin supporter and educator, posted a simple but serious reminder about how cold crypto wallets and seed phrases function.
He explained it this way: if you “reset your device and generate a new seed phrase,” the old one and the wallet it controlled are effectively erased from that device. The coins still exist on the blockchain, but unless there’s the original phrase written down somewhere safe, the user is going to be locked out forever.
Following that rebound, Dogecoin soared roughly 6.6% on June 24 above a descending trendline and rose from about $0.1508 to an intraday high of $0.1673. At the time of writing, Dogecoin is trading at $0.1667, up by 1.6% in the past 24 hours. However, Dogecoin is still down a few percent over the full week. Data from CoinGecko places the 7-day change at a negative 2.9%.
