Dogecoin (DOGE) Price Surges Despite 2-Month Low in Network Activity – What’s Driving the Rally?
Dogecoin (DOGE), the meme-inspired cryptocurrency, has defied expectations with a notable price surge even as its network activity hits a two-month low. Analysts speculate whether this rally stems from whale accumulation, exchange dynamics, or broader market trends. This article dives into the data, explores potential catalysts, and answers key questions about DOGE’s unexpected resilience. --- ### Why Is Dogecoin’s Price Rising Amid Declining Activity?
Dogecoin’s recent price jump—up 12% in a week—seems counterintuitive given its on-chain metrics. Network activity (daily transactions) has dipped to levels last seen in early October 2025, according to. Yet, DOGE bulls aren’t backing down. One theory? Whales are quietly accumulating. Data fromshows large DOGE transfers to cold wallets, suggesting long-term holders are betting on a breakout.
Historically, DOGE has moved in tandem with bitcoin (BTC). With BTC reclaiming $70,000 this week, altcoins like DOGE often ride the wave. BTCC analysts note that DOGE’s correlation coefficient to BTC remains high (0.78), meaning Bitcoin’s gains could be pulling DOGE up despite its own lackluster fundamentals. "Meme coins thrive on sentiment, not just utility," says a BTCC market report.
--- ### Could Exchange Listings or Speculation Be Fueling the Pump?Rumors of a new DOGE futures listing on a major exchange—possibly BTCC—have circulated on crypto Twitter. While unconfirmed, such speculation often triggers short-term buying. Meanwhile, trading volume on BTCC spiked 40% in 24 hours, per their official dashboard. Retail traders might be FOMO-ing in, hoping to catch the next meme coin mania.
--- ### What’s Next for Dogecoin? Key Levels to WatchTechnical analysts highlight $0.15 as a critical resistance level. If DOGE breaks this, it could target $0.20 by year-end. Support sits at $0.10, a psychological floor. That said, with network activity lagging, sustainability is a concern. "This feels more like a liquidity play than organic growth," admits a pseudonymous trader on X.
--- ### FAQ: Dogecoin’s Surprise SurgeCommon Questions About DOGE’s Rally
Why is Dogecoin going up if usage is down?
Price and network activity don’t always align—especially for meme coins. Whale accumulation and broader crypto market trends can override weak fundamentals.
Should I buy DOGE now?
This article does not constitute investment advice. DYOR (Do Your Own Research) and consider volatility risks.
How does DOGE’s inflation rate affect its price?
DOGE has a fixed annual issuance (~5 billion coins), which creates steady sell pressure. However, demand spikes (like Elon Musk’s tweets) can offset this.
