In the current relatively sluggish cryptocurrency market, the recent on-chain activities of DOGE ( have shown a remarkable counter-trend growth, forming a development trajectory that is completely different from mainstream crypto assets such as BTC ) and ETH (.

The latest monitoring data shows that in the past 24 hours, the large transaction volume of DOGE reached an astonishing $23.35 billion, climbing 41.12% compared to the previous period. This data is particularly noteworthy as the large transaction volume of Ethereum saw a decline of 6.64%, totaling only $9.97 billion; while Bitcoin maintained a transaction volume of $56.06 billion, it also recorded a 16.06% decrease compared to the previous period. It is worth mentioning that the large transaction volume of DOGE has exceeded that of ETH by more than twice, highlighting its market vitality independent of mainstream trends.

Another eye-catching indicator is that the number of daily active addresses for DOGE surged by 34.91%, reaching 157,190. In contrast, the growth rates of active addresses for ETH and BTC were only 1.39% and 3.75%, respectively. This indicates that the number of wallets interacting with the DOGE network is significantly increasing, and the growth rate far exceeds that of other mainstream blockchain networks.

Senior market analysts point out that the rapid growth in the number of active addresses, along with the concentration of large fund flows, jointly indicates that the demand for the DOGE ecosystem may be forming a strong upward momentum. Although data shows that the price of DOGE has dropped by about 5.9% in the past 24 hours, the unusual activity on-chain often serves as a leading indicator of price changes, which seems to suggest that institutional-level investors are quietly positioning themselves.

Historical experience shows that when large-scale investors (commonly referred to as "whales") begin to take active actions, it often triggers significant market fluctuations. The current contrast between the on-chain data performance of DOGE and its price trends provides market participants with a noteworthy observation window worth closely monitoring.