On-Chain Data Shows Dogecoin User Engagement Spiking: 400%

• Dogecoin’s active addresses surged 400%, indicating increased user participation.
• Capital inflows in late 2024 corresponded with price spikes, showing market sentiment’s impact.
• RSI nearing oversold conditions suggests potential price reversal for DOGE.

Dogecoin (DOGE) is seeing a surprising surge in user engagement, with on-chain data revealing a 400% rise in active addresses. 

What’s Driving the Surge in Active Addresses?

According to Santiment’s data, as reported by crypto analyst Ali Charts, active addresses soared to nearly 395,000; that’s the 400% spike.

This suggests an increasing number of people using the network, possibly hinting at a possible uptick in development activity as well. While the exact cause of the surge is unclear, it indicates growing interest in Dogecoin despite the recent price fluctuations.

How Has DOGE’s Price Been Performing?

From late December 2024 to late February 2025, Dogecoin’s price has seen a declining trend with daily acti…