Aktivitas Dogecoin Meningkat: 72 Persen Alamat Baru dalam Sepekan!

The Growth of the Dogecoin Network

The Dogecoin network is witnessing significant growth. In the past week, there has been a 72% surge in the number of new DOGE addresses created, indicating a rising interest in the cryptocurrency.

Network Growth and Transaction Activity

"In the last day alone, 19,630 new addresses have been created!" tweeted on-chain analyst Ali Martinez.

In addition to the increase in new addresses, activity on the Dogecoin network has also seen a notable boost. In the last seven days, active addresses on the network have grown by 37.23%.

This growth suggests an increase in interest and participation in the Dogecoin network by users ranging from retail to institutional investors.

Moreover, the volume of large transactions on the DOGE network has also jumped. Transactions worth over $100,000 have surged by 52.1%, rising from 189 to 355 in a single day.

This indicates that Dogecoin is gaining traction among investors with larger transaction values, signaling a growing confidence in the cryptocurrency.

DOGE Holders Accumulate

Data shows that the growth in Dogecoin addresses is happening across all holder tiers, from small to large. Large holders, specifically those holding 100 million to 1 billion DOGE, have increased their holdings by 3.03% in the last 30 days.

Meanwhile, holders with 1,000 to 10,000 DOGE increased their holdings by 0.32%.

These increases underscore that both large and small investors are increasingly interested in accumulating DOGE as part of their portfolios.

Recently, Ali Martinez also highlighted a whale who purchased 1.4 billion DOGE, worth approximately $176.4 million at the time.

Current Market Conditions

Despite the increase in network activity and investor interest, the price of Dogecoin has declined by over 7.19% in the last 24 hours.

As of now, Dogecoin is trading at $0.1087, according to CoinMarketCap data, with a weekly decline of 1.28%. However, Dogecoin's 24-hour trading volume has increased by 32%, indicating a fairly dynamic market movement.