Are DOGE small holders showing up in this rally?

Are DOGE small holders showing up in this rally?

DOGE’s Trading Volume jumped 37.73% to $5.21 billion, while Open Interest climbed 10.84% to $2.20 billion.However, CryptoQuant’s Spot Volume Bubble Map revealed sparse retail engagement. The rally lacked the dense clusters typically seen when small holders pile in.

In fact, the bubbles near recent lows remain small and sparse, especially compared to the massive clusters during previous surges. 

This lack of “heating” in the spot market implies that new highs aren’t being supported by broad buying interest. 

Therefore, while price momentum exists, it appears to be driven by a narrower band of players. 

Without strong support from the base, Dogecoin’s move risks becoming a short-term spike rather than a sustained trend.

Has Elon Musk’s Trump moment failed to spark retail FOMO?

Despite Elon Musk’s viral apology to Donald Trump dominating headlines, retail traders are not flooding into Dogecoin. 

CryptoQuant’s Retail Frequency Heatmap showed no signs of the usual retail frenzy—no red clusters that indicate mass buying from “ant” investors. 

Historically, Musk-related news has triggered retail-driven rallies, but the current market appears more restrainedOf course, sentiment was buzzing, but the absence of widespread retail demand placed a cap on follow-through. If this layer doesn’t return, DOGE may struggle to break key resistance levels.