The active addresses of Dogecoin jumped spectacularly, going from 74,640 to 469,477 in a single day. This sudden alarm clock comes as the dry examines several requests from ETF DOGECOIN. But will this renewed interest be enough to propel the price to new heights?
In short
- The active addresses of Dogecoin jumped 528 % in 24 hours, reaching 469,477.
- The open interest in Doge's term contracts has increased by 70 % to $ 1.65 billion.
- Four requests from ETF DOGECOIN are currently examined by the dry, with decisions expected in May.
- The price of the DOGE could target $ 0.40 in the event of an break in the resistance at $ 0.24.
A spectacular alarm clock from the DOGE network
On May 13, 2025, the Dogecoin network experienced a dazzling increase in its activity. Active addresses have literally exploded, leaping from 74,640 to 469,477 in just 24 hours, a vertiginous increase of 528 %, according to Glassnod data.
This spectacular push follows the approval of the dry concerning the deposit of ETF Dogecoin of 21Shares. The announcement was confirmed by the financial services company on X on May 14, creating a wave of optimism on the market.
This frenzy is not isolated. The open interest in Doge's term contracts jumped 70 % in a week, from 989 million to $ 1.65 billion. Even more intriguing, this increase occurs despite a decline in the price, suggesting a massive speculative positioning in anticipation of an important movement.
THE data From Cointelegraph also reveal a high demand in the cash. The cumulative volume delta (CVD) over 90 days shows a domination of buyers since early March, a diagram similar to that preceding the 385 % rally to $ 0.48 in the fourth quarter 2024.
ETF DOGECOIN, catalysts of a next leap!
The current enthusiasm revolves around four ETF DOGECOIN requests under examination by the dry. 21Shares, in partnership with House of Doge – the corporate branch of the Dogecoin Foundation – submitted its file on April 9. The NASDAQ then submitted Form 19B-4 on April 30 to raising ETF.
The other actors are not to be outdone: Bitwise, Grayscale and Osprey have all submitted their own requests. Bloomberg analysts estimate 75 % the probability that an ETF Dogecoin is approved this year, while the Paris Polymarket platform has chances of 64 %.
The ETF 21Shares Dogecoin would use Custody Coinbase as an official custodian and aims to follow the performance of the DOGE via the CF DOGE-DOLLAR US Settlement Price. This structure would reassure institutional investors seeking an exposure regulated to the same.
The Tardigrade trader identified a key resistance around $ 0.24. A break above this level could propel the DOGE around $ 0.40, signaling a sustained upward dynamic.
For his part, Kriss Pax, a supporter of Dogecoin, observes an inverted head-head figure on the daily graphic, suggesting a potential movement up to $ 0.42.
In short, the explosion of active addresses of Dogecoin, coupled with the growing interest in ETFs, draws a promising table for the same. If the dry gives its green light and the resistance to $ 0.24 gives in, the DOGE could evolve according to two very different trajectories towards its heights of 2024, or not.
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