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Dogecoin Volume Remains Low Despite Price Rebound, What’s Going On?

  • Dogecoin's price has rebounded following an increase in the price of Bitcoin and Ethereum.
  • Despite the price increase, Dogecoin's trading volume remains low, indicating limited market participation.
  • The daily Dogecoin trading volume is currently below $5 billion, lower than levels seen during previous market fluctuations.
  • In February, Dogecoin's trading volume exceeded $10 billion during market struggles, and in May 2025 during recovery.
  • In June, Dogecoin's trading volume has yet to surpass $10 billion, reaching a high of $5.89 billion on June 6.
  • The Dogecoin open interest has also not shown significant changes, hovering around $2 billion daily.
  • This stability in open interest suggests that traders are cautious and waiting for market movements before taking action.

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