Dogecoin active addresses spike 15x, but why isn’t DOGE responding?

By: ambcrypto|2025/05/16 11:15:04
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DOGE sees 15x spike in active addresses, but price struggles to break past $0.24. Traders lean heavily long on Binance, risking sharp liquidations if bullish momentum fails. Dogecoin [DOGE] is buzzing with life on-chain, with a mammoth spike in active addresses. Additionally, Binance traders are stacking 3-to-1 long bets in anticipation of a DOGE rally. But despite the bullish backdrop, DOGE’s price action remains stubbornly flat — hinting at deeper cracks beneath it all. DOGE traders stack the deck! The Long/Short Ratio on Binance steadily climbed from around 2.0 in early May to over 3.0, meaning three times as many traders are betting on DOGE to rise than fall. Source: Coinglass The green bars — representing long positions — have consistently dominated the chart since late April, showing confidence among bullish traders. This kind of skew often suggests rising speculative interest, but it also raises the risk of a crowded trade. If price fails to follow through, these long-heavy positions could quickly unwind and trigger sharp corrections. Addresses have spiked nearly 15x Daily active addresses exploded from an average of around 45,000 to over 680,000 on the 14th of May — a staggering 15x surge in less than three days, according to Santiment data. This typically shows heightened user interest or large-scale distribution events. Source: Santiment While such spikes often precede price breakouts, they could also be driven by short-term hype or automated wallet churn. Whether this rise translates into lasting price action remains to be seen. Price stalls despite on-chain frenzy After hitting a local high above $0.24, Dogecoin has pulled back to around $0.22 at press time; posting four consecutive red candles. The RSI at 61 was above neutral, but down from recent highs — showing waning bullish momentum. Source: TradingView Meanwhile, the price remained above the 20-day SMA, suggesting structural support, but the upper Bollinger Band rejection shows resistance is firm. Until buying pressure resumes or external catalysts emerge, DOGE may continue to consolidate, defying bullish on-chain sentiment... for now. Share Share Tweet

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On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.


2025 Full-Year Financial Highlights


Revenue: Expected to be between $39 million and $41 million, reaching a new company high.


Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.


Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.


Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.


Core Consumer Food Business Performance


In 2025, DDC's core consumer food business maintained strong operational performance.


The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.


In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.


Bitcoin Reserve Update


In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.


As of December 31, 2025: The company holds 1,183 BTC.


As of February 28, 2026: Holdings increased to 2,118 BTC


Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC


DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."


Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation


About DDC Enterprise Limited


DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.


The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.


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