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Bullish Momentum Builds for Dogecoin as On-Chain Data Shows Growth

  • On-chain metrics reveal a bullish bias for Dogecoin, with open interest for DOGE futures worth more than $800 million.
  • The number of active Dogecoin addresses has surged to 133,880, an eight-month high indicating rising network engagement.
  • The DOGE price has jumped 7.30% over the last 24 hours, reaching over $0.145, with a 23% increase in trading volume.
  • Whales have accumulated 2.07 billion DOGE, suggesting renewed interest from large-scale investors.

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