Dogecoin Holders Don Pass 8M: Whales & Institutions Dey Accumulate
On-chain analytics from Santiment show say di number of Dogecoin holders don climb from around 6.9 million for start of 2025 to pass 8 million addresses wey get non-zero balances, making DOGE di third biggest cryptocurrency by user base after Ethereum (148 million addresses) and Bitcoin (55 million addresses). Dis last million-user milestone reach under eight months, quick pass di growth pace for 2024. Whale wallets wey dey hold 100 million to 1 billion DOGE add about 2 billion DOGE (worth $448 million) for just one week, while institutional investor Bit Origin set aside $500 million for Dogecoin treasury when prices dey around $0.24. Technical analysis show triangular consolidation for DOGE daily chart, with potential breakout target of $0.41 and longer-term upside to $4 on monthly charts. E dey trade at $0.222 (+4.3% inside 24 hours), di rise in Dogecoin holders and accumulation trends dey point to bullish momentum and growing retail and institutional adoption.
Bullish
Di yawa di Dogecoin holders dem plus di big whale dem accumulation show say retail and institutional confidence dey grow, dat one wey dey always happen before price sharp up. For early 2021, di quick increase for DOGE addresses join hand with big bullish runs wey come from retail traders plus big wallets wey dey stock up position. Current on-chain metrics—8 million non-zero balance addresses—and di recent add 2 billion DOGE to whale wallets show say demand still dey strong. Technical patterns dey show say di consolidation dey tighten like triangle, and na usually e end for upside breakout. Short-term targets around $0.41 and longer goals near $4 match wetin happen before when similar accumulation phase finish breakout. Dis factors show say trading activity don increase, liquidity better, and e get chance for short-term gains plus long-term appreciation, wey make bullish outlook for DOGE strong.