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Dogecoin Social Surge: Rising Buzz And Network Use Spark New Interest

  • Dogecoin's price experienced a surge, attracting traders' attention as it rose from the $0.13-$0.15 zone, with a focus on breaking the $0.20 resistance level.
  • Derivatives data indicates expectations of further gains, with a significant increase in Open Interest and a 400% rise in options volume.
  • Whales are returning with a reported $8.20 million net inflow into spot wallets, suggesting renewed interest from large holders amid changing market dynamics.
  • While on-chain metrics and network activity show mixed signals, the overall sentiment toward Dogecoin appears optimistic with growing speculative interest but a cautious outlook on network usage.

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