Active Dogecoin addresses increased by 528%:
Will the price of DOGE continue?
The price of Dogecoin continues to gain strength after the SEC acknowledged the filing of the DOGE ETF by 21Shares, and after the active addresses of the altcoin increased by 528%. A memecoin, experienced an astonishing increase of 528% in active addresses, rising from 74,640 to 469,477, indicating robust activity on the network and growing interest from investors.
This increase followed an update to 21Shares' application for a spot Dogecoin ETF, which received acknowledgment from the U.S. Securities and Exchange Commission (SEC). The financial services firm confirmed the development on X on May 14.