- Dogecoin’s active addresses surged 990% as Coinbase announced plans to support wrapped DOGE (cbDOGE) on its Base network.
- Active addresses leaped from 61,892 to 647,527 within a week, while open interest in DOGE futures rose by 66% to $1.65 billion.
- DOGE gained over 17% in the past week, driven by anticipation of Coinbase’s new DOGE integration and a potential market rally.
Dogecoin just witnessed a staggering surge in active addresses — a 990% spike driven by fresh developments involving Coinbase. The popular exchange recently unveiled new plans for DOGE, fueling optimism across the market.
Coinbase’s Impact on Dogecoin’s Network Activity
Coinbase’s move to support wrapped Dogecoin (cbDOGE) on its Base network is creating ripples. Active addresses shot up from 61,892 to 647,527 within a week, while open interest in DOGE futures spiked 66%, breaking the $1.65 billion mark.
DOGE Price Reaction and Market Anticipation
Though the official launch date for cbDOGE remains under wraps, traders are already swarming in. Over the past seven days, Dogecoin’s price jumped over 17%, reflecting renewed interest and anticipation of a potential bull run.
