Analyst Says Dogecoin May Pump Hard Soon As Active Addresses Surge 176%

TLDR

• Dogecoin active addresses rose from 41,557 to 114,662 in one week.
• Santiment data showed DOGE network activity reached its highest level in months.
• Ali Martinez said whales bought about 470 million DOGE in the past 72 hours.
• Myles G. said Dogecoin could “pump hard soon” after the rise in activity.
• Analysts said DOGE needs to hold above $0.105 to keep the current setup intact.

Dogecoin is drawing fresh market attention after new on-chain data showed a sharp rise in network activity. Analysts linked the move to a possible price rebound, even as DOGE continued to trade near $0.10.

The recent discussion follows data from Santiment and comments from analysts Ali Martinez and Myles G. They pointed to rising active addresses and large whale purchases as signs that Dogecoin could see a stronger move soon.

Active addresses rise as Dogecoin network activity increases

Santiment data showed that active Dogecoin addresses increased from 41,557 to 114,662 over the past week. That change marked a 176% rise in network participation during the period.

The data shared by Ali Martinez showed that activity picked up near the end of the previous week. Before that move, daily active addresses stayed mostly between 40,000 and 70,000.

The final reading moved above 114,000 addresses, which was the highest level seen in months. The increase suggested that more users were sending, receiving, or using DOGE on-chain.

Active addresses are often used to track real network use. When this number rises quickly, traders often watch for a possible price reaction and a broader return of market interest.

Analysts connect whale buying with possible price move

The jump in address activity led to reactions from crypto market commentators. Myles G. responded to the data and said Dogecoin would “pump hard soon,” tying the rise in activity to a possible price move.

That comment came as traders looked for signals beyond the price chart. DOGE had remained weak in recent sessions, but the on-chain data offered a more constructive view.

Ali Martinez also shared another update on large wallet activity. According to his post, whales purchased about 470 million DOGE during the past 72 hours.

The chart attached to that update showed holdings by large wallets increasing between March 12 and March 14. Market watchers often track whale accumulation because large purchases can shape short-term trading conditions.

Still, whale buying alone does not guarantee a price rally. It can, however, show growing confidence among large holders during a period of soft market action.

Price level near $0.105 remains in focus

Technical traders are also watching a near-term level on the chart. Some analysts said Dogecoin needs to hold above $0.105 before the end of the week.

That price level is now seen as an area that could help support a stronger setup. If DOGE remains above it, traders may treat the recent on-chain signals with more confidence.

The current view remains centered on whether network growth and whale activity can translate into price strength. For now, the data shows increased participation, and it also shows heavier buying by large holders.

The broader market has not yet confirmed a breakout in Dogecoin. Even so, the latest figures have put the meme coin back on watchlists, and the angle remains clear: analyst predicts Dogecoin price will “pump hard” soon if these trends continue.

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