Explosive Dogecoin On-Chain Signals Point To Breakout Potential

Quick Summary:

Fresh data published by on-chain analytics platform Santiment and highlighted by market commentator Ali Martinez reveal that the largest Dogecoin investors have spent the last four weeks quietly expanding their positions while activity on the network accelerates – all as the memecoin’s price grinds toward a make-or-break technical ceiling.

A second Santiment dashboard shows daily active addresses vaulting from the low five-figure area in mid-April to peaks north of 680,000 on May 12-13, before easing to 69,200 on the May print 15.

While the tape of flows looks constructive, the price chart argues that the market remains at a critical juncture.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: Hungary

Topics: Dogecoin price Dogecoin Dogecoin Doge price Dogecoin news DOGE news Doge

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-17 @ 02:30:44 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 519 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 28756096

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