Dogecoin is experiencing a rise in the number of active users, transacted coins, and whale trading activity.Data indicates increased retail and whale involvement, leading to the price of Dogecoin surpassing $0.22 in mid-May.Despite a slight softening in activity, the high levels suggest the potential for further price increases.Key signs in the blockchain suggest growing interest in Dogecoin, with rising active addresses, transactions, and engagement of large investors.