Dogecoin news: 37 percent fewer DOGE are moving on the blockchain than in October

Noticeably less is moving on the Dogecoin blockchain. The record shows that from November 6 to 8, an average of 7.96 billion DOGE a day passed across the network, against 12.62 billion in the week of October 10 to 16. That is a 37 percent decline, measured in coins and therefore independent of the price. Our assessment follows further down: the figures point to fading interest rather than an imminent sell-off.

The analysis is based on block data for all 42,351 blocks produced between October 10 and the evening of November 9, retrieved from the blockchain database Blockchair. For each calendar day we counted the sum of all outputs, the number of transactions, the fees and the miners' reward. cryptoticker.io compiled this analysis itself on November 9, 2026.

Dogecoin news for November 9: 7.96 billion instead of 12.62 billion DOGE a day

The sum of outputs is the simplest measure of how much value is being shuffled back and forth on a blockchain. It also includes change returned to the sender and therefore overstates real trading volume. It still works for comparing two periods, because the error is the same size in both.

In mid-October the figure never fell below 11.3 billion DOGE on any day, and on October 16 it reached 15.55 billion. Since then the line has been falling, with occasional spikes. On November 2, a total of 15.95 billion DOGE changed hands once more; after that it went downhill: 9.36 billion on November 6, 6.66 billion on November 7, the lowest reading of the past 31 days, and 7.86 billion on November 8. By late Monday evening, 8.36 billion DOGE had been recorded in 1,289 blocks, with the day not yet complete.

Measured in dollars, the decline is even steeper

Converted into dollars at the prevailing price, the daily total shrinks from an average of $1.06 billion in mid-October to $570 million from November 6 to 8, a fall of 46 percent. The price explains the gap to the 37 percent measured in coins: according to CoinGecko, Dogecoin traded at $0.0700 on Monday evening, 18.7 percent below its level 30 days earlier. Monday's intraday low was $0.0679.

Why activity on the Dogecoin blockchain has dropped

Block data cannot reveal a single cause, but it does show several traces. The first leads to the broader market. Bitcoin lost 9.7 percent over the same 30 days and cost $75,223 on Monday evening. Dogecoin therefore fell almost twice as hard as the largest cryptocurrency. When prices fall, traders move fewer coins between exchanges, and it is precisely these transfers that make up a large share of the total on Dogecoin.

The second trace is sentiment. The Fear and Greed Index from alternative.me stood at 29 points on Monday, in fear territory, after 28 on Sunday. Our overview of the Fear and Greed Index shows the trend. In phases like this, holdings tend to sit in wallets rather than being moved.

The third trace concerns the companies around the coin. The Dogecoin Foundation ended its exclusive brand agreement with House of Doge, and 21Shares parted ways with the partner for its TDOG ETF. We covered both on October 25 and November 6. No new impetus has come from that direction since.

Outlier on November 5: 174,641 transactions in a single day

One figure stands out. On ordinary days the Dogecoin blockchain records between 21,400 and 25,100 transactions. On November 5 it logged 174,641, more than seven times as many. Fees that day rose to $3,227, compared with a usual range of $540 to $730 a day. Yet hardly anything was moved: at 9.11 billion DOGE, the sum of outputs was below the October average.

Many small transactions with little value suggest a technical process, such as an exchange consolidating tiny balances or automated test transactions. The data does not name a sender, so neither do we. For the purposes of this analysis it is enough to note that on Dogecoin the number of transactions is a weak gauge, and the volume of coins moved a better one.

What has changed since November 7: price and activity compared

Our last Dogecoin news item on November 7 dealt with a warning about wallets with social login. Dogecoin cost around $0.072 that morning. On Monday evening it is $0.0700, and the $0.0690 level, still regarded as a floor at the weekend, was breached during the day with a low of $0.0679. What is new since then is the view of the blockchain: with 6.66 billion DOGE, November 7 was the quietest day of the entire analysis. The price weakness and the lull on the network therefore coincide.

Dogecoin miners: below $1 million in daily revenue for the first time in 30 days

The reward for a new block on Dogecoin has been fixed since 2015: 10,000 DOGE plus fees. Because around 1,369 blocks are produced per day on average, miners pay out roughly 13.7 million new DOGE a day. In dollar terms this revenue moves with the price. From October 10 to 16, it came to between $1.11 million and $1.20 million a day. On November 6 the figure fell to $965,000, on the 7th to $993,000 and on the 8th to $980,000. In the 27 days before that it never dropped below $1.02 million.

Dogecoin is mined almost entirely together with Litecoin, in what is known as merged mining. A miner performs the work once and receives the reward from both blockchains. How this works in practice and what it costs is covered in our guide to Dogecoin mining. What matters for the price is that many miners sell part of their new coins to pay for electricity and equipment. If revenue in dollars falls, they have to give up more DOGE to cover the same costs.

13.7 million new DOGE a day: fixed issuance on an annual basis

Over a year this adds up to around 5.0 billion DOGE. According to Blockchair, 156.68 billion DOGE are in circulation. Annual issuance therefore stands at about 3.2 percent and edges down slightly every year, because the fixed amount meets a growing supply. There is no cap as with Bitcoin. Anyone holding Dogecoin is diluted a little every year, regardless of how much is happening on the blockchain.

Withdrawing from an exchange: how to check the fee before you transfer

There is good news in the lull: transactions on the Dogecoin blockchain currently cost almost nothing. According to Blockchair, the median fee over the past 24 hours was $0.0035 and the average $0.026. Anyone moving DOGE from an exchange to their own wallet therefore pays the network a fraction of a cent.

The exchange itself often charges considerably more for a withdrawal, usually as a fixed amount of DOGE. Before the transfer, compare your exchange's withdrawal fee with the network fee. If the exchange charges several DOGE, a withdrawal only makes sense for larger amounts. The first time, send a small test amount and confirm in the block explorer that it has arrived before sending the rest. For long-term storage, our hardware wallet comparison is a useful starting point; Dogecoin is supported by the common devices.

Buying Dogecoin under MiCA: the exchange needs an EU licence

If you are considering buying at prices around $0.07, settle the route first. Since the European MiCA regulation took effect, crypto service providers in the EU need authorisation as a crypto-asset service provider. Whether an exchange holds one is shown in the register of the European Securities and Markets Authority, ESMA. A selection of platforms with EU authorisation can be found in our comparison of regulated crypto exchanges. Leveraged products on Dogecoin are particularly risky given current swings of several percent a day: at ten times leverage, a 3 percent decline already wipes out 30 percent of the stake.

Dogecoin holding period: losses and gains after twelve months

For private investors in Germany, Dogecoin falls under the same rule as other cryptocurrencies for private disposal transactions under Section 23 of the German Income Tax Act. If you sell within a year of buying, the gain is taxable once all private disposal gains for the year together reach the exemption limit of 1,000 euros. After more than twelve months the gain remains tax-free. Losses from sales within the period can be offset against gains of the same kind.

Now is a good moment to check your own portfolio: anyone who bought in November 2025 is well in the red and reaches the twelve-month mark these days. Selling before the deadline makes the loss usable for tax purposes; selling afterwards no longer does. We track the planned reform of the holding period on our page on the status of the holding period reform. A tax tool calculates the deadlines for each purchase automatically.

Our assessment: the Dogecoin blockchain shows restraint, not flight

In the editorial team's view, the data paints the picture of a market that is waiting. In favour of this reading: the amount of DOGE moved has fallen by 37 percent, while the number of transactions on normal days barely changes. In a sell-off, large holdings would flow towards exchanges and the sum of outputs would rise. In fact it is falling. Against it: miners have to make do with less than $1 million a day and are likely to part with more coins if prices keep falling. This selling pressure is small but steady.

Without new demand, whether from the broader market with Bitcoin or from a fresh catalyst around the coin, Dogecoin lacks the fuel for a recovery. This is expressly not a recommendation to buy or sell. Dogecoin remains a cryptocurrency without a fixed intrinsic value, and a total loss is possible.

Dogecoin blockchain: 12 billion DOGE a day as the benchmark

Whether the lull ends can be read from a single number: only when around 12 billion DOGE a day move across the blockchain again will the mid-October level be reached. Until then, three steps help.

1. Check the exchange: Buy Dogecoin only on a platform with EU authorisation. You will find a selection in the comparison of crypto exchanges.
2. Sort out storage: Move larger holdings to your own wallet while the network fee is a fraction of a cent. Suitable devices are listed in the hardware wallet comparison.
3. Record the dates: Note the date of every purchase so you can keep track of the twelve-month holding period. The crypto tax tools help with this.

(As of November 9, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)