เครือข่าย #Dogecoin กำลังเติบโตอย่างมาก! ในช่วงสัปดาห์ที่ผ่านมา มีที่อยู่ $DOGE ใหม่เพิ่มขึ้น 72% และเพียงเมื่อวานนี้เพียงวันเดียว มีการสร้างที่อยู่ #DOGE ใหม่ 19,630 แห่ง! 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.
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.