The meme-inspired cryptocurrency Dogecoin ($DOGE) recently saw the number of active addresses on its blockchain surge to 84,306, experiencing the “largest spike in active addresses in the past six months.” did.
This is according to data from on-chain analytics firm Santiment, which was first shared by popular cryptocurrency analyst Ali Martinez, who also noted that Dogecoin’s network is experiencing “significant growth.” .
According to Martinez, there has been a “72% increase in new DOGE addresses” in the past week, with more than 19,600 addresses added to the cryptocurrency network in a single day.
As reported late last month, DOGE whales amassed over 1.4 billion tokens in just 48 hours, putting more than $140 million worth of the largest meme-inspired cryptocurrency in its wallet by market cap. Added.
DOGE recently achieved a major milestone as the number of wallet addresses holding it exceeded 90 million. Note that one wallet does not necessarily mean one user. Anyone can create multiple DOGE wallets, but some wallets (such as exchanges) may hold DOGE from different users.
Earlier this year, Tesla and SpaceX CEO Elon Musk acknowledged the potential value of Bitcoin and other digital currencies, but admitted he had a special fondness for Dogecoin. “I like dogs and memes, so I’m pretty interested in Dogecoin,” he explained.
Featured image via Unsplash.
