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Dogecoin Futures Open Interest Explodes 63% as Meme Coin Rages On
Dogecoin Futures Open Interest Explodes 63% as Meme Coin Rages On
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Wall Street’s latest casino chips? Dogecoin futures. Open interest just rocketed 63% in lockstep with DOGE’s price surge—proof that even ’joke’ assets get serious when liquidity floods the crypto kiddie pool.
Behind the numbers: Traders are piling into leveraged DOGE bets despite the coin’s infamous volatility. The 63% spike in open interest suggests either reckless FOMO or calculated speculation (hint: it’s usually the former).
The punchline? While institutions obsess over Bitcoin ETFs, retail’s still playing with meme rockets. Just don’t act surprised when the ’to the moon’ crowd forgets parachutes on the way down.
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