#DOGE
Shirinyan Dogecoin (DOGE) sees investor optimism despite 10% drop.
Dogecoin futures open interest hits $4,380,000,000 in epic bullish reset Weekly price drop.
Dogecoin (DOGE) has declined by 10.75% over the last seven days, largely due to general market volatility. Despite this dip in price, Dogecoin investors have remained bullish as open interest has surged by 5.98% in the last 24 hours.
According to data, open interest spiked as investors committed 18.15 billion DOGE.
The massive amount of fiat currency invested in the asset signals the anticipation of ecosystem investors into the meme coin. Notably, open interest refers to the sum of unsettled active futures contracts that investors have committed to Dogecoin. The 5.98% increase shows that holders are anticipating an uptick in the coming days.