Dogecoin rallied back above $0.10 to start the week as large holders accumulated roughly 470 million DOGE in recent days and on-chain activity accelerated, according to market and blockchain data.
Price Reclaims $0.10 Amid Broader Market Strength
The memecoin rose more than 5% over the past 24 hours, pushing above the $0.10 level. Over the last seven days, DOGE is up about 10%, outpacing some large-cap peers while trailing others. Dogecoin is currently the ninth-largest cryptocurrency by market capitalization, according to CoinMarketCap.
Last week’s brief upside attempt faded quickly, but the latest advance has held longer. Whether momentum persists will likely depend on broader market conditions and follow-through in spot demand.
Whales Add 470 Million DOGE
On-chain data highlighted by analyst Ali Martinez shows that Dogecoin “whales” — large holders whose transactions can influence liquidity and sentiment — have been in net accumulation over the past few days. In total, these wallets added approximately 470 million DOGE, worth roughly $47 million at current prices.
The timing of the purchases suggests whale demand may be contributing to the price recovery, although such flows do not guarantee continued upside.
Network Activity Jumps
Dogecoin’s on-chain engagement also picked up. Active addresses — a gauge of the number of unique wallets participating in transactions each day — climbed 176% week over week, rising from 41,557 to 114,662, according to data shared by Martinez. Rising active addresses can indicate increased user participation and transactional throughput on the network.
Outlook
Traders are watching whether sustained whale accumulation and higher network activity translate into lasting spot demand. Key metrics to monitor include large-holder flows, address activity, and overall market risk appetite as DOGE attempts to hold above the $0.10 threshold.