Dogecoin has hit a new milestone after rallying more than 20% last week. The meme coin saw its open interest balloon over the weekend as investors poured in to take advantage of the price increase. This pushed its open interest quickly, and now, it has reached a new all-time high for the second time this year.

Dogecoin Open Interest Crossed $6 Billion

According to data from the on-chain aggregation website Coinglass, the Dogecoin open interest has now crossed $6 billion. This increase happened over the weekend following the Dogecoin price hitting $0.3 for the first time in over six months. Coincidentally, the open interest will hit its highest level in over six months as well.

On Sunday, the total open interest came in at $6.01 billion, marking a new peak to beat its January 2025

See Full Page