{"id":26839,"date":"2025-05-14T23:02:29","date_gmt":"2025-05-14T23:02:29","guid":{"rendered":"https:\/\/dogewisperer.com\/dogecoin-active-addresses-surge-by-528-will-doge-price-follow\/"},"modified":"2025-05-14T23:02:29","modified_gmt":"2025-05-14T23:02:29","slug":"dogecoin-active-addresses-surge-by-528-will-doge-price-follow","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=26839","title":{"rendered":"Dogecoin active addresses surge by 528% \u2014 Will DOGE price follow?"},"content":{"rendered":"<div>\n<p style=\"float:right; margin:0 0 10px 15px; width:240px;\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjUyNzYtNzhhZS03YzM4LWIwOTQtOGU4NmYzY2FjOTli.jpg\"><\/p>\n<\/p>\n<p style=\"float:right; margin:0 0 10px 15px; width:240px;\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjUyNzYtNzhhZS03YzM4LWIwOTQtOGU4NmYzY2FjOTli.jpg\" alt=\"Dogecoin active addresses surge by 528% \u2014 Will DOGE price follow?\"><\/p>\n<p><strong>Key Takeaways:<\/strong> <\/p>\n<ul>\n<li>\n<p>Dogecoin&#8217;s active addresses surged 528% to 469,477.<\/p>\n<\/li>\n<li>\n<p>DOGE\u2019s futures open interest rose 70% to $1.65 billion, indicating strong speculative interest.<\/p>\n<\/li>\n<\/ul>\n<p>On May 13, Dogecoin <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/doge-price-index\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">(DOGE) <\/a>witnessed a staggering 528% increase in active addresses, soaring from 74,640 to 469,477, signaling robust network activity and growing investor interest. This surge followed an update to 21Shares\u2019 filing for a spot Dogecoin ETF, receiving acknowledgement from the US Securities and Exchange Commission (SEC). The financial services firm confirmed the <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/21shares_us\/status\/1922688626732757206\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">development on X<\/a> on May 14.<\/p>\n<figure><img decoding=\"async\" alt=\"Dogecoin, Markets, Price Analysis, Market Analysis, Memecoin\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0196d03b-5728-7a6f-9a35-0209c202d109\" title=\"\"><figcaption style=\"text-align: center;\"><em>Dogecoin active addresses. Source: Glassnode<\/em><\/figcaption><\/figure>\n<p>The filing, which aims to track DOGE\u2019s price, aligns with similar efforts by Bitwise and Grayscale, hinting at potential mainstream adoption. This news fueled market optimism, leading to a rise in the memecoin\u2019s network activity.\u00a0<\/p>\n<p>Adding to the momentum, Glassnode <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/glassnode\/status\/1922267256433582561\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">reported<\/a> that DOGE futures open interest rose 70% over the past week, climbing from $989 million to $1.65 billion, despite a price pullback from recent highs. This decoupling of open interest and price suggests persistent speculative positioning, a trend Glassnode noted as \u201cworth monitoring\u201d for potential volatility.<\/p>\n<figure><img decoding=\"async\" alt=\"Dogecoin, Markets, Price Analysis, Market Analysis, Memecoin\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0196d03b-dab8-7bc8-becc-0fea165cad8a\" title=\"\"><figcaption style=\"text-align: center;\"><em>Dogecoin futures open interest. Source: Glassnode<\/em><\/figcaption><\/figure>\n<p>DOGE has also seen strong spot-buyer demand, and Cointelegraph <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/dogecoin-traders-predict-180-doge-price-rally-if-bitcoin-gains-continue\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">reported<\/a> that DOGE\u2019s spot taker 90-day cumulative volume delta (CVD) is currently &#8220;taker buyer dominant,&#8221; reflecting more aggressive buying than selling since early March. <\/p>\n<p>This pattern preceded a 385% rally to $0.48 in Q4 2024. Additionally, the long-term holder net unrealized profit\/loss (NUPL) for DOGE holders (holding at least 155 days) recently surpassed 0.5, indicating an optimistic \u201cbelief\u201d sentiment.<\/p>\n<p>With the network\u2019s activity booming, speculative interest rising, and spot buyers dominating, Dogecoin\u2019s market dynamics are setting the stage for a potential price run to its range highs. <\/p>\n<p><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/price-predictions-5-14-btc-eth-xrp-bnb-sol-doge-ada-sui-link-avax\" rel=\"\" target=\"_self\" text=\"null\" title=\"https:\/\/cointelegraph.com\/news\/price-predictions-5-14-btc-eth-xrp-bnb-sol-doge-ada-sui-link-avax\"><em><strong>Related: Price predictions 5\/14: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX<\/strong><\/em><\/a><\/p>\n<h2>Dogecoin price targets $0.40<\/h2>\n<p>Crypto analyst Trader Tardigrade <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/TATrader_Alan\/status\/1922614634030436582\" rel=\"nofollow noopener\" target=\"_blank\" text=\"null\" title=\"https:\/\/x.com\/TATrader_Alan\/status\/1922614634030436582\">noted <\/a>that DOGE has hit a key resistance level around $0.24, with a brief consolidation expected over the next few days. A breakout above this resistance could propel DOGE to $0.40, signaling healthy upward momentum.\u00a0<\/p>\n<figure><img decoding=\"async\" alt=\"Dogecoin, Markets, Price Analysis, Market Analysis, Memecoin\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0196d04b-f00e-7493-b19c-c21683fa91ca\" title=\"\"><figcaption style=\"text-align: center;\"><em>Dogecoin analysis by Trader Tardigrade. Source: X.com<\/em><\/figcaption><\/figure>\n<p>Meanwhile, Dogecoin proponent Kriss Pax\u00a0<a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/krisspax\/status\/1922607897239769099\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">highlighted<\/a>\u00a0an inverse head-and-shoulders pattern on the 1-day chart, suggesting a potential surge to $0.42 with the pattern reflecting a bullish breakout. The trader said,\u00a0<\/p>\n<blockquote><p>\u201cStuck between $0.22 and $0.25. Opportunities for buying dips will come. Some will swing trade. But when $DOGE decides to take off, you will want to be on board.\u201d<\/p><\/blockquote>\n<p><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-bulls-aim-for-new-all-time-highs-by-next-week-as-capital-inflows-soar\" rel=\"\" target=\"_self\" text=\"null\" title=\"https:\/\/cointelegraph.com\/news\/bitcoin-bulls-aim-for-new-all-time-highs-by-next-week-as-capital-inflows-soar\"><em><strong>Related: Bitcoin bulls aim for new all-time highs by next week as capital inflows soar<\/strong><\/em><\/a><\/p>\n<p class=\"post-content__disclaimer\" type=\"\">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" label=\"Subscription Form: Markets Outlook\"><\/template>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways: Dogecoin&#8217;s active addresses surged 528% to 469,477. DOGE\u2019s futures open interest rose 70% to $1.65 billion, indicating strong speculative interest. On May 13, Dogecoin (DOGE) witnessed a staggering 528% increase in active addresses, soaring from 74,640 to 469,477, signaling robust network activity and growing investor interest. This surge followed an update to 21Shares\u2019 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-26839","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26839"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26839\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}