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Dogecoin (DOGE) Open Interest Soars Past $4 Billion Mark in January Rally

Dogecoin trading activity has reached $4.27 billion in open interest ahead of the presidential transition, with Gate exchange leading the market at 4.89 billion DOGE while price remains at $0.35.

The cryptocurrency market is seeing unprecedented activity in Dogecoin trading as the January 20 presidential inauguration approaches. Open interest in DOGE has climbed steadily since late 2024, reaching a new monthly high of $4.27 billion, according to data from multiple cryptocurrency exchanges.

The surge in trading activity represents nearly a doubling of open interest in recent days. In the past 24 hours alone, open interest increased by 3.68%, reaching 12.01 billion DOGE tokens. This level of activity hasn’t been observed since December 2024, before the market experienced a downturn.

Dogecoin (DOGE) Open Interest Soars Past $4 Billion Mark in January Rally

Dogecoin trading activity has reached $4.27 billion in open interest ahead of the presidential transition, with Gate exchange leading the market at 4.89 billion DOGE while price remains at $0.35.

The cryptocurrency market is seeing unprecedented activity in Dogecoin trading as the January 20 presidential inauguration approaches. Open interest in DOGE has climbed steadily since late 2024, reaching a new monthly high of $4.27 billion, according to data from multiple cryptocurrency exchanges.

The surge in trading activity represents nearly a doubling of open interest in recent days. In the past 24 hours alone, open interest increased by 3.68%, reaching 12.01 billion DOGE tokens. This level of activity hasn’t been observed since December 2024, before the market experienced a downturn.
https://blockonomi.com/dogecoin-doge-open-interest-soars-past-4-billion-mark-in-january-rally/