Dogecoin may be quietly gearing up for a move higher, according to fresh on-chain data and market chatter.
Why analysts are watching DOGE
After trading near $0.10 for some time, Dogecoin is showing signs of renewed network activity that could precede a stronger price push. On-chain analytics firm Santiment — highlighted in posts by crypto analyst Ali Martinez — reports a dramatic jump in active Dogecoin addresses: from 41,557 to 114,662 over the past week, a 176% increase. That surge pushed daily active addresses above 100,000 for the first time in months.
What the numbers mean
Active addresses measure how many unique wallets are transacting on the network (sending, receiving, or otherwise interacting with the token). For a retail-driven meme coin like DOGE, spikes in this metric often signal renewed attention and participation, which can set the stage for larger price moves if buying follows.
Whales are also accumulating
Adding to the on-chain picture, Martinez also flagged concentrated buying by large holders: roughly 470 million DOGE were moved into whale wallets over a 72-hour window. Charts shared alongside the update show large-holder balances climbing between March 12 and March 14 — a development traders typically watch closely, since coordinated accumulation can precede upward repricing.
Market reaction and technical picture
Crypto commentator Myles G. reacted to the activity by predicting that Dogecoin will “pump hard soon,” linking the uptick in activity and whale accumulation to potential upside. Technically, some analysts say DOGE is building strength and could be set to rally if it holds above about $0.105 by week’s end.
A note of caution
Such signals aren’t guarantees — crypto markets are volatile and prone to rapid sentiment shifts. Rising active addresses and whale accumulation increase the odds of a move, but traders should weigh on-chain data alongside broader market conditions and risk management practices.
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