On-chain data shows Dogecoin active addresses jump 28% to 73,000

Dogecoin network activity jumped. Active addresses hit 73,000.

Analyst Ali Martinez reports a sharp rise in daily active wallets on Dogecoin. The count grew from 57,000 to 73,000 in a week. That is +28%.

What this tracks. Active Addresses count wallets that send or receive in a day. More users often mean more liquidity and volatility.

Price action stays flat. DOGE trades near $0.0926 with repeated mean reversion since early February. See the price chart.

Macro backdrop. Uncertainty around the war situation in Iran weighs on risk appetite across crypto, including Bitcoin.