DOGE Surges 2.89% as Binance Turns 8, $8.5M Withdrawn, and Futures Open Interest Hits $2.44B

Dogecoin (DOGEUSDT) has seen a 2.89% price increase over the past 24 hours, with the current price at 0.20353 USDT on Binance. The recent price uptick is attributed to several factors, including Binance's 'Binance Turns 8' promotion featuring DOGE as an eligible asset, significant withdrawals of over $8.5 million in Dogecoin from exchanges reducing spot market supply, and increased futures market activity with open interest rising by 15.09% to $2.44 billion and a positive funding rate. Additional bullish momentum was supported by technical indicators, such as a breakout from a descending channel and a rising RSI above 70, alongside strong trading volumes and positive sentiment following news of potential treasury adoption by Thumbzup. Dogecoin currently ranks as the 8th largest cryptocurrency with a market capitalization around $30.62 billion, 24-hour trading volume on Binance at $481.90 million, and a circulating supply of approximately 150 billion tokens.