Dogecoin traded near $0.10 as fresh on-chain data pointed to stronger network activity and large-scale accumulation. Active addresses rose sharply over the past week, while whales bought about 470 million DOGE in 72 hours. At the same time, Bitdeer announced a new mining machine for Dogecoin and Litecoin, adding another development around the meme coin.
Recent data from Santiment showed a strong rise in activity on the Dogecoin network. According to figures shared by Ali Martinez, active DOGE addresses increased from 41,557 to 114,662 in one week.
That move represented a 176% jump over the period. The chart showed activity gaining pace toward the end of the previous week after earlier readings stayed between 40,000 and 70,000 addresses.
The final bar on the chart placed the number above 114,000. That marked the highest level in months and signaled a clear change in user participation.
Active addresses track how many users send, receive, or interact with an asset on-chain. For that reason, traders often watch the metric when looking for shifts in network engagement.
In Dogecoin’s case, changes in activity often draw attention because the asset has a long history of retail-driven moves. This latest increase brought the token back into focus.
The jump in network activity quickly triggered reactions among market watchers. Crypto commentator Myles G. linked the increase in active addresses to a possible breakout. He said Dogecoin price would “pump hard soon.” His comment came as the token continued to trade around $0.10 despite the stronger on-chain readings.
Such responses often appear when participation rises faster than price. Traders tend to view that gap as a sign that interest may be returning before the chart fully reflects it.
The latest figures did not show a price surge yet. Even so, the sharp rise in active addresses added support to the idea that market attention was building again.
Could this rise in on-chain participation be the first sign of a broader Dogecoin move?
Another update from Ali Martinez added to the recent activity around Dogecoin. According to the analyst, whales bought about 470 million DOGE over the past 72 hours. That buying activity pointed to coordinated accumulation by large holders. In turn, it gave the market another signal to monitor alongside the rise in active addresses.
Meanwhile, Bitdeer Technologies announced a new mining machine built for Dogecoin and Litecoin. The company named the product SEALMINER DL1 and said it plans a first-quarter 2026 release.
Bitdeer said the machine’s new ASIC chip performed above initial expectations during early trials. The company also said the system aims to improve output efficiency under similar power conditions.
The move marked an expansion beyond Bitdeer’s usual focus on Bitcoin infrastructure. It also came as mining firms reviewed capital plans amid changing Bitcoin mining margins.
Dogecoin and Litecoin operate through merged mining. That structure allows miners to secure both networks at once without adding extra computational resources.
As a result, miners can improve revenue per unit of energy. That matters in a sector where electricity remains the highest operating cost.
Also Read: Dogecoin Hits Key Support for the Third Time: Rally Incoming?
Dogecoin’s recent activity points to growing market attention as active addresses jumped 176%, and whales bought 470 million DOGE in 72 hours. At the same time, Bitdeer’s move into Dogecoin and Litecoin mining adds another layer to the story. Traders will likely watch whether these signals lead to stronger price action.