Dogecoin Transaction Volume Spikes to $800M, Up 241% in 24 Hours

Gate News message, April 21 — Dogecoin's on-chain transaction volume surged to nearly $800 million on April 16, marking the highest single-day volume recorded in 2026, according to data from crypto analyst Ali Martinez citing Santiment. The volume jumped 241% within 24 hours from April 15, when it stood below $234 million.

The sharp spike in activity reflects increased participation from large investors during the broader crypto market rebound. Analysts attributed the surge to rising institutional interest and repositioning around Dogecoin. Reports also indicated positive shifts in ETF-related market activity, further signaling growing exposure from institutional participants.

At the time of reporting, Dogecoin was trading at $0.09466, down 0.42% over the past 24 hours. Market observers noted that sustained transaction volume growth often precedes stronger price momentum.