Dogecoin zooms 10%, breaking away from bitcoin as open interest hits a yearly peak

Open interest in DOGE-tracked futures climbed to 15.36 billion tokens, a sign that traders are adding fresh leverage as the memecoin’s price surges. What to know : Dogecoin has jumped nearly 10% to about 10.5 cents as futures open interest climbs to its highest level this year;. Rising prices alongside surging futures open interest suggest new money is flowing into DOGE rather than old positions being unwound. Analysts cite large holder accumulation, new institutional products, improving fund flows, and increased on-chain activity and speculative hopes around Elon Musk’s X payments ecosystem as key drivers of renewed demand for the token.