Glassnode data shows that Dogecoin’s PoW network activity is rapidly increasing. DOGE appears to be heating up again. The top active wallets meme coin is now attempting to retest the $0.20 resistance level.
11.72 billion Dogecoins were collected at this level. If this area becomes a strong demand zone, Dogecoins September rally could repeat. Two months ago, DOGE reached $0.30, which was even stronger than the July 2025 rally.
Dogecoin currently recorded 71,589 active Wallets . This is the biggest jump since September, which Ali shared. The price is currently hovering around $0.14, but the surge in active wallets suggests something big is on the horizon.
According to research by Ali Martinez, there were 71,589 active wallets on December 3, 2025, the highest number of the quarter. Spot trading volume is also exceeding $1 billion daily.
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Is Dogecoin Overheating In Consolidation?
Big investors in the meme coin have returned. They have purchased 480 million Dogecoins, anticipating a market rebound. The futures market is also seeing a similar strong move. Dogecoins daily futures volume has reached $2.65 billion, and the open interest funding rate has also turned positive. At the beginning of the month, it was in the red zone, according to CoinGlass.
At present, $1.46 billion in leveraged trades have not yet settled. Dogecoin is still the most demanded altcoin in the leveraged market. If buyers gain momentum and enter Doge below $0.15, the $0.20 resistance will become very important. This is also clearly visible in Ali Martinez’s Heatmap. Holders can either take profits or continue to HODL.
$0.20 is the main resistance for Dogecoin. 11.72 billion Dogecoins were bought at this level.
Dogecoin, the second largest Proof-of-Work blockchain, recently made a double entry on Wall Street. Grayscale and Bitwise have launched Dogecoin Spot ETFs. But the hype on the stock market side hasn’t been as strong yet. Only $1.88 million has been inflowed in two weeks.
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People Also Ask – Active Wallets:
Active wallets on the Dogecoin network have reached 71,589?
This is the highest number since September 2025. This indicates that users are again using DOGE, after a lull in activity for several months.
What does the surge in active wallets mean?
It means that people are showing interest again. When more people make transactions, demand increases. Ali Martinez has called this spike a strong on-chain signal that bulls are regaining control, with the price hovering around $0.14.
How are bulls fortifying territory?
Whales, who hold between 1M and 100M DOGE, purchased 480 million DOGE in just 48 hours. According to sentiment data, this buying pressure is keeping the $0.135–$0.15 support strong, preventing the price from moving lower.
What does the technical setup show?
DOGE is forming a falling wedge pattern, with a bullish MACD divergence visible. A TD Sequential “Buy” signal has also been issued on the weekly chart. If DOGE breaks the $0.153 resistance, a move to the target of $0.25 is possible.
Does whale activity strengthen the bull case?
Yes. Over 75% of Binance’s top whale traders are long DOGE. Mid-tier whales are also adding DOGE to their wallets. This shows that smart money is quietly buying during times of fear.
