The first coin meme in the crypto industry, Dogecoin (DOGE) has attracted public attention recently. Because in recent days, DOGE has shown a significant increase in network activity.
The first coin meme in the crypto industry, Dogecoin (DOGE), has managed to steal the attention of the public. The reason is, in recent days, DOGE has shown a significant increase in network activity.
This condition indicates an increase in interest from market participants. Recent data states that Dogecoin has recorded a significant increase in the number of new wallets in recent times.
Meanwhile, crypto analyst Ali Martinez reported that in the past week, there have been an additional 19,630 new addresses on the Dogecoin network. This figure represents an increase of 72.29% in the creation of new wallets. This spike coincides with the Dogecoin price increase, which has the potential to be the beginning of a major movement for the cryptocurrency.
In addition to the increasing number of new wallets, the number of active addresses involved in Dogecoin transactions has also increased sharply. According to data from IntoTheBlock, the volume of large transactions, especially those worth more than US$100,000 (approximately Rp1.5 billion), jumped 52.1%, from 189 transactions to 355 transactions in one day.
Then the big holders of Dogecoin, especially in the last 30 days, also increased. DOGE holders between 100 million and 1 billion DOGE, recorded an increase in ownership by 3.03%. Meanwhile, smaller holders with balances between 1,000 and 10,000 DOGE also experienced a slight increase of 0.32%.
At the same time, another major move came from one of Dogecoin's "whole", which reportedly bought 1.4 billion DOGE. The purchase is estimated to be worth around 176.4 million US dollars (approximately IDR 2.646 trillion) at current market prices. This news is widely discussed on social media, even attracting Billy Markus, creator of Dogecoin known as Shibetoshi Nakamoto, who responded with a simple comment: "Wat."
However, despite the increase in network activity, the price of Dogecoin has actually decreased by 8.1% in the past day. Based on data from CoinMarketCap, Dogecoin is currently trading at the level of 0.1069 US dollars (around Rp1,603), recording a 2% weekly decline. However, Dogecoin's daily trading volume actually experienced an increase of 32%, indicating that market activity remained high amid this price decline.
