• MEXC to Serve as Major Sponsor at Solana…
  • Bybit Enhances Fiat Services with Community Feedback Initiative
  • Mulfin Trade: Individual Approach and Favourable Terms
  • Earn $8,850+ Per Day! BJMining Bitcoin(BTC)Cloud Hashrate Mining…

[email protected]

The Cryptoplay : All updates about Cryptocurrency worldwide
Join Our Community
  • Crypto News
    • Altcoin News
    • Blockchain News
  • Bitcoin News
  • Ethereum News
  • Press Release
  • Advertisement
  • Contact Us
  • Join Our Community
☰
The Cryptoplay : All updates about Cryptocurrency worldwide
HAPPY LIFE

Dogecoin Sees Huge Spike in Activity as Hype Builds for cbDOGE

Rishabh Bansal - Altcoin News - June 2, 2025
Dogecoin Active Addresses Surge 990% Amid Coinbase’s cbDOGE Plans
Rishabh Bansal
3 views 3 mins 0 Comments

Dogecoin (DOGE) is seeing a big comeback lately, with more people using the network and traders betting on it in the futures market. This buzz is making some people wonder if Dogecoin’s price is about to kick off another big rally.

Massive Jump in Dogecoin Activity

According to data from Glassnode, the number of active Dogecoin addresses jumped from about 62,000 on May 7 to over 674,000 on May 14. That’s a massive 990% surge in just one week, showing more people are using Dogecoin and sending it around.

And it’s not just wallets seeing action. Futures trading for Dogecoin has also shot up. In the same week, the amount of money locked up in Dogecoin futures grew from about $989 million to $1.65 billion — a jump of over 66%.

Why Is This Happening?

One reason is that Coinbase, one of the biggest crypto exchanges, plans to launch something called “cbDOGE,” which is a wrapped version of Dogecoin. Wrapped tokens let you use Dogecoin on other blockchains — in this case, on Base, which is Coinbase’s new network built on Ethereum.

Coinbase already did something similar with Bitcoin: its wrapped Bitcoin (cbBTC) reached a market value of $1 billion in just under two months. If the same excitement builds around cbDOGE, Dogecoin could see even more demand as people start using it in DeFi (decentralized finance) apps.

Analysts Spot Familiar Patterns

A well-known crypto market watcher, Galaxy, said this could be the start of Dogecoin’s “third bull cycle.” Historically, Dogecoin has had these big surges where it goes from being ignored to suddenly being the hottest thing around. In past bull runs, DOGE got huge boosts from celebrity shout-outs, especially from Elon Musk.

For example, in 2021, Musk tweeted memes and called Dogecoin “the people’s crypto,” helping to send its price up over 500% in a month! But these days, Musk’s tweets have less influence, so it’s really up to the Dogecoin community and market interest to keep the hype going.

What’s Next?

If Coinbase rolls out cbDOGE successfully, it could bring more ways to use Dogecoin and help its price climb again. It’s a sign that Dogecoin is becoming more than just a meme coin — it’s getting serious infrastructure support that could keep it relevant for years to come.

Of course, there are still risks. The overall market is volatile, and Dogecoin has a history of wild price swings. So if you’re thinking about investing, make sure to do your own research and understand the ups and downs.

For now, Dogecoin fans are hopeful that this spike in activity and trading interest will set the stage for another big breakout — just like it has done in the past.

TAGS: #Bitcoin
PREVIOUS
BlackRock Warns: Quantum Computers Could One Day Break Bitcoin’s Security
NEXT
Bybit Teams Up with Circle, Tether, Solana, and Sui to Launch Ecopedia, the First Collaborative Ecosystem Wiki
Related Post
ZKsync Price Falters Despite 90% of Stolen Funds Returned Within Safe Harbor Deadline
April 25, 2025
ZKsync Hacker Gives Back $5.7M, But Token Still Struggles
CryptoQuant CEO Ki Young Ju Challenges Traditional Altcoin Season with New Insights
February 26, 2025
CryptoQuant CEO Ki Young Ju Offers New Insights Challenging the Traditional Altcoin Season.
Dave Portnoy Under Fire for GREED Token Sell-Off Amid Rug Pull Accusations
February 21, 2025
Dave Portnoy Accused of Dumping Meme Coin After Making Big Profit
Binance’s CZ Defends Mass CEX Token Listings While Critics Call for More Transparency
March 31, 2025
Are Crypto Exchanges Listing Too Many Useless Tokens? The Debate Heats Up
Leave a Reply

Click here to cancel reply.

 

Within spread beside the ouch sulky this wonderfully and as the well and where supply much hyena so tolerantly recast hawk darn woodpecker tolerantly recast hawk darn.

Within spread beside the ouch sulky and this wonderfully and as the well where supply much hyena.  ouch sulky and this wonderfully and as the well.

bitcoin
Bitcoin (BTC) $ 103,539.74
ethereum
Ethereum (ETH) $ 2,462.53
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.14
bnb
BNB (BNB) $ 642.24
solana
Solana (SOL) $ 147.73
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.175368
tron
TRON (TRX) $ 0.276342
cardano
Cardano (ADA) $ 0.640083
Scroll To Top
© Copyright 2025 - The Cryptoplay : All updates about Cryptocurrency worldwide . All Rights Reserved
bitcoin
Bitcoin (BTC) $ 103,539.74
ethereum
Ethereum (ETH) $ 2,462.53
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.14
bnb
BNB (BNB) $ 642.24
solana
Solana (SOL) $ 147.73
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.175368
tron
TRON (TRX) $ 0.276342
cardano
Cardano (ADA) $ 0.640083