Dogecoin is gaining momentum amid growing demand for the leading meme token, causing an incredible surge in its on-chain activity.
Dogecoin trading volume surged to approximately $800 million on April 16, following a sudden spike in on-chain activity seen last week.
This is the largest trading volume recorded so far this year, as well as the largest single-day spike seen in 2026.
Dogecoin surges approximately 241% on-chain
Popular crypto analyst Ali Martinez share In Santiment’s chart, we can see a clear spike in Dogecoin’s trading volume.
Last week, Dogecoin $Doge saw the biggest jump in trading volume this year, with nearly $800 million traded on April 16 alone. pic.twitter.com/LBiMpXrYfj
— Ali Charts (@alicharts) April 21, 2026
The chart shows that the trading volume recorded on April 15 was well below the highlighted $234 million, but followed by a dramatic spike the next day, up to nearly $800 million.
Trading volume surged more than 241% in less than 24 hours, with daily on-chain surge more than three times the previous trading volume.
This surge suggests renewed interest in major meme assets from high-profile investors, including institutional investors.
Dogecoin is set to remove zeros
The surge in Dogecoin trading volume coincides with the resurgence of the broader crypto market. dogecoinwe are seeing a noticeable price increase.
Following widespread price increases, $Dogethis asset has also seen a positive rebound in the Dogecoin ETF market. As such, rising market momentum appears to be reigniting investor attention and spurring increased network usage.
Due to the sustained price increase seen over the past week, Dogecoin is on track to remove more zeros as its price is still trading around $0.09563 at the time of writing, even though the gains have subsided.
