La red Dogecoin experimenta un aumento del 72% en nuevas direcciones en medio de una creciente adopción
¡La red #Dogecoin está experimentando un crecimiento significativo! Durante la semana pasada, hubo un aumento del 72% en nuevas direcciones de $DOGE , y solo ayer, ¡se crearon 19,630 nuevas direcciones #DOGE ! pic.twitter.com/5Tj8ZvcxUu
This rise in new addresses has been attributed to increased interest. Although the increase in activity between mid-August and early September was steady, the last week of September reported a significant increase.
Besides new addresses, active addresses have also seen substantial growth. In the last week alone, 37.23% of the active addresses participating in the Dogecoin network have increased. According to IntoTheBlock, large transaction volume rose by 52.1%, with transactions over $100,000 from 189 to 355 in a single day.
Large Dogecoin holders accumulate more coins
The data shows that the growth of the Dogecoin addresses is universal across all holding tiers. The larger holders, especially those with 100 million to 1 billion DOGE, saw the most gains and recorded a 3.03% gain in the last 30 days.
Smaller holders with 1,000 to 10,000 DOGE also increased slightly by 0.32%. This trend is then seen across different holder tiers, suggesting increased participation and accumulation from both the retail and institutional investors.
Also, recently, a whale was said to have bought 1.4 billion DOGE, a move that would cost the whale about $176.4 million at current market prices. The news made the rounds on social networks, and Dogecoins creator Billy Markus, aka Shibetoshi Nakamoto, simply stated, “Wat.”
wat
— Shibetoshi Nakamoto (@BillyM2k) September 29, 2024
Despite the increase in active addresses, the price of Dogecoin dropped over 8.1% on the last day. According to data from CoinMarket Cap, Dogecoin is currently trading at 0.1069, registering a weekly decline of 2%. However, the 24-hour volume of Dogecoin has been on the rise, registering a 32% hike.
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