Leading cryptocurrency analyst Ali Martinez spotlighted a sharp spike in Dogecoin’s (CRYPTO: DOGE) on-chain activity on Saturday, suggesting increased volatility ahead.
A Breakout In The Works?
In an X post, Martinez highlighted that active addresses have surged to nearly 50,000 since the start of July, referencing data from on-chain analytics firm Glassnode.
An active address is any unique wallet address that participates in at least one on-chain transaction within a given time period.
“Something is brewing,” the analyst said, signaling growing usage and interest.
