
Dogecoin futures activity jumps as major cryptos cool
Dogecoin recorded increased futures trading activity as trading volumes in Bitcoin, Ethereum and XRP weakened.
Data from CoinGlass showed Dogecoin futures open interest rose 5.09% over the past 24 hours, while futures trading volume surged 81.62% to approximately $3.99 billion.
Open interest in DOGE futures climbed to around $1.79 billion, signalling increased trader activity and growing speculative positioning around the memecoin.
In contrast, Bitcoin futures open interest declined 0.36%, while Ethereum recorded only a modest 0.94% increase as both assets traded lower during the session.
Solana also showed weaker momentum, with futures open interest falling nearly 6% alongside a decline in the token’s market price.
Dogecoin traded near $0.11 and remained one of the few major cryptocurrencies posting gains over the previous 24 hours despite broader market weakness.
Analysts said the combination of rising prices and increasing leveraged positions reflected growing speculative activity around DOGE but warned elevated leverage could amplify downside volatility if key support levels fail.
At the time of reporting, Dogecoin price was $0.1165.