Dogecoin has surpassed 8 million addresses with a non-zero balance, according to Santiment's on-chain analytics. This marks a significant rise from approximately 6.9 million holders at the start of 2025, driven by retail traders shifting from other major cryptocurrencies like Bitcoin. The growth rate in 2025 has outpaced 2024, with 1 million new holders added in less than eight months compared to a full year previously. Dogecoin now ranks third in user base size, following Ethereum and Bitcoin. The increase in holders is bolstered by whale accumulation, with large wallets recently acquiring billions of Dogecoins. Currently, Dogecoin is trading at $0.222, reflecting a 4.3% increase over the past 24 hours.