Dogecoin: 58% of DOGE Holders in Profit as Price Spikes – What's Fueling the Surge?

Dogecoin [DOGE] is back in the spotlight! A significant surge in price has pushed over 58% of Dogecoin holders into profit, sparking renewed interest in the original meme coin. But what's driving this upward trend?

Several factors appear to be contributing. The Dogecoin price continues to gain strength after the SEC acknowledged 21Shares’ spot DOGE ETF filing. This regulatory progress is injecting confidence into the market, attracting both retail and potentially institutional investors.

Furthermore, the altcoin’s active addresses increased by 528%. Key The past few weeks have witnessed significant spikes in active DOGE addresses, with BitInfoCharts data showing an increase from around 40,000 per day. This increased network activity suggests growing adoption and transaction volume, supporting the price.

Mixed Signals? Dogecoin's Funding Rate and NVT Ratio

While the overall outlook seems positive, some indicators present a more nuanced picture. Dogecoin’s funding rate has turned negative, suggesting traders are betting against the memecoin’s price. This could indicate a potential for a short squeeze if the price continues to rise.

Also, The NVT ratio spiked, implying that the speculative behavior may be influencing the price more than underlying network value. This is a common characteristic of meme coins, and investors should be aware of the inherent volatility.

DOGE Exchange Net Flow and the Meme Coin Legacy

24 de sept. de 2025 According to the latest data from IntoTheBlock, its exchange net flow surged 10.5%. This adds more fuel to the possibility of further price movements, although the direction remains uncertain. A positive net flow suggests more DOGE is moving onto exchanges, potentially indicating selling pressure. The emergence of Dogecoin has been instrumental in paving the way for the current expansion of the meme coin realm. DOGE sparked the initial meme coin frenzy and continues to be a bellwether for the broader meme coin market.

Is Dogecoin a Buy?

Whether Dogecoin is a good investment depends on your individual risk tolerance and investment strategy. While the recent price surge and increasing adoption are encouraging, potential investors should carefully consider the negative funding rate, the high NVT ratio, and the inherent volatility of meme coins before investing.