According to CoinGlass and market reports, Dogecoin’s futures open interest breached the $3 billion barrier as traders piled back into the memecoin on August 12.
The token climbed to $0.25 that day, and traders recorded a one-day gain of 4.10% while market capitalization rose nearly 4%.
Short bursts of buying pushed derivatives exposure higher, and that helped push DOGE back into headlines.
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Open Interest Breaks $3 Billion
Reports have disclosed that futures traders committed roughly 14.4 billion DOGE into positions over a single day — a figure that lines up with the $3.41 billion open interest reading when priced near $0.25.
That number is striking because it means a huge amount of DOGE is sitting in unsettled contracts, not just spot wallets. Some traders see
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