DOGE Drops 5.66% After 38% Rally, Futures Open Interest Surges to $5.35B Amid High Trading Volume

Dogecoin (DOGEUSDT) experienced a 5.66% price decline over the last 24 hours, with the current price at $0.26626 on Binance. The drop follows a period of heightened volatility and comes after a significant 38% rally last week. The recent decrease is attributed to profit-taking after the rally, as well as mixed market sentiment and intraday trading seeking a higher low for renewed momentum. Despite the pullback, open interest in DOGE futures surged by approximately 16–17% to $5.35 billion, indicating continued investor engagement and potential for further price action. Dogecoin remains the 8th largest cryptocurrency by market capitalization, with a circulating supply of about 150.2 billion DOGE and robust 24-hour trading volume between $4.37 billion and $6.16 billion.