The largest memecoin and the 8th largest altcoin, Dogecoin (market-trembles-bitcoin-drops-below-25k-impacting-altcoins/”>DOGE), continues to grow in adoption two years after the coronavirus pandemic, with people overcoming the shutdowns by investing billions in non-serious, joke-intended altcoins. On-chain data reveal the continued expansion of the Dogecoin network.

最大的迷因幣和第八山寨幣，狗狗幣（

Dogecoin’s On-Chain Metrics Continue to Sound Alarms

狗狗幣的鏈上指標繼續敲響警鐘

According to the data tracked by on-chain analysis company IntoTheBlock, the number of wallet addresses holding DOGE has surpassed the 5 million mark for the first time. The number of active wallet addresses on the network has more than doubled, reaching 168,000, the highest level seen since March 2022.

根據鏈上分析公司IntoTheBlock追蹤的數據，持有DOGE的錢包位址數首次突破500萬大關。網路上的活躍錢包位址數量增加了一倍多，達到 168,000 個，這是自 2022 年 3 月以來的最高水準。

The number of confirmed transactions on the Dogecoin network has also reached the highest level of the year for the first time since June, with an incredible increase of a thousand percent in the last 10 days.

狗狗幣網路上的已確認交易數量也自 6 月以來首次達到年度最高水平，在過去 10 天內令人難以置信地增長了 1000%。

While the figures related to the network are becoming increasingly significant, the concentration of DOGE ownership remains a major concern. According to BitInfoCharts data, fewer than 5,000 wallet addresses control more than 80% of the circulating DOGE supply. This implies that a relatively small number of investors have control over the price of DOGE, raising concerns that a move to sell by this influential group could cause a sharp decline in the altcoin’s price.

儘管與網路相關的數字變得越來越重要，但 DOGE 所有權的集中仍然是一個主要問題。根據 BitInfoCharts 數據，不到 5,000 個錢包位址控制著超過 80% 的流通 DOGE 供應量。這意味著相對少數的投資者控制著 DOGE 的價格，引發了人們的擔憂，即這個有影響力的群體的拋售舉動可能會導致山寨幣價格急劇下跌。

Current Price Situation of DOGE

DOGE當前價格狀況

DOGE’s market value has risen nearly 11 billion dollars this month, a 14% increase, and is currently at 10.95 billion dollars. The increasing adoption and usage of the altcoin are generally interpreted as opening the door to higher market values.

DOGE的市值本月已上漲近110億美元，增幅為14%，目前為109.5億美元。山寨幣的日益普及和使用通常被解釋為為更高的市場價值打開了大門。

With the latest data, DOGE has seen a 4.78% drop in the last 24 hours, trading at 0.07712 dollars. The data shows that the altcoin has had a very limited increase of 0.12% in the last 7 days, but has risen by 11.92% in the last 30 days.

最新數據顯示，DOGE過去24小時下跌4.78%，交易價格0.07712美元。數據顯示，山寨幣在過去7天內的漲幅非常有限，僅0.12%，但在過去30天內卻上漲了11.92%。

• Dogecoin’s adoption continues to surge post-pandemic.

狗狗幣的採用率在疫情後繼續激增。

• On-chain metrics indicate growing network activity.

鏈上指標顯示網路活動不斷增長。

• Ownership concentration poses risks to DOGE’s price stability.

所有權集中對 DOGE 的價格穩定構成風險。

繼續閱讀：https://en.coin-turk.com/the-surge-of-dogecoin-a-deep-dive-into-its-having-adoption-and-on-chain-metrics/