#OnChainInsigths

As of February 21, 2025, Dogecoin (DOGE) is trading at $0.257277, with an intraday high of $0.260857 and a low of $0.250725.

On-Chain Insights:

Active Addresses: The number of daily active addresses has declined, indicating reduced user engagement.

Whale Activity: Large holders have decreased their positions, with the percentage of supply held by addresses owning more than 0.1% dropping from 45.3% to 41.3%.

Transaction Volume: A significant increase in active transactions was observed, rising from 1.22 billion to 9.2 billion over two days, correlating with a 36% price rally.

These metrics suggest a bearish trend for Dogecoin, with declining user activity and reduced holdings by large investors.