Dogecoin Sees Potential for Rebound Driven by Whale Activity and Increasing Active Addresses

Dogecoin (DOGE) has seen a recent price decline, dropping over 70% since its peak in December 2024. However, on-chain data reveals an intriguing sign: whale accumulation is increasing, suggesting potential confidence for a future price surge. These sizable investors are buying during the downturn, believing DOGE is undervalued. This trend coincides with rising active addresses on the Dogecoin network, reaching levels not seen in four months. Increased user activity signals increased interest and engagement within the Dogecoin ecosystem.