The number of Dogecoin holders has remained stagnant at around 4.89 million since May 27th, indicating a decline in investor interest. However, despite this, DOGE has seen a 13.44% increase in the last 30 days. On-chain data shows that the holder count has not negatively impacted the weighted sentiment, which has actually increased from -1.99 to -0.645, indicating a shift towards optimism. Development activity for Dogecoin has decreased and its circulation has fallen, suggesting slow upgrades on the network and a lack of recent transactions.
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Dogecoin's Holder Count Stagnates, Weighted Sentiment Rises as Circulation Drops
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