DOGE Token Sees 53,000% Surge in Futures Volume Despite 2.24% Price Drop Amid Market Volatility

Dogecoin (DOGEUSDT) experienced a 2.24% price decrease over the past 24 hours, with the current price at $0.12890 according to Binance. The decline is attributed to continued market volatility and a broader crypto downturn, despite a significant surge in futures trading volume—up 53,000% on BitMEX and a 10% increase in total volume across major exchanges, reflecting renewed investor interest. However, spot price gains have lagged, impacted by Bitcoin’s recent struggles and overall market sentiment. Dogecoin's market capitalization remains around $21.8 billion, ranked #9, with a 24-hour trading volume of approximately $1.03 billion and a price range between $0.12789 and $0.13521, indicating ongoing consolidation amid elevated trading activity.