Data from Santiment's on-chain analytics reveals that there were 523 transactions over $100,000 on the Dogecoin blockchain at the end of January, with the number of daily active addresses on the network rising to 86,400. This surge in activity by big players came at a time when a well-known cryptocurrency analyst, known as Smart Contractor on social media, stated that while the DOGE/USD trading pair appears chaotic, the DOGE/BTC pair is preparing for a substantial increase of possibly 100% or more.