<ul data-eligibleForWebStory="true"><li>Mishaboar, a respected figure in the Dogecoin community, issued a warning to newcomers about the importance of safeguarding seed phrases for crypto wallets.</li><li>He emphasized that the actual coins are on the blockchain, not in the wallet, and losing the seed phrase could lead to permanent loss of access to cryptocurrencies.</li><li>It's advised to keep multiple offline backups of seed phrases, as highlighted by mishaps where individuals lost access to their coins by resetting their cold wallets.</li><li>Dogecoin's price has experienced fluctuations, rallying off support after a weekend sell-off, with recent trading hovering around $0.1667 but still showing a weekly decline of 2.9% according to CoinGecko data.</li></ul>

Dogecoin Insider Issues Warning To Community – What To Know

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