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Dogecoin (DOGE) derivatives trading volume has surged by 26%, reaching $2.59 billion, while spot markets witness large withdrawals from top exchanges. Meanwhile, the DOGE options market has more than doubled in activity, signaling deep trader engagement. Despite the trading frenzy, users are moving tokens to cold wallets, raising questions about market sentiment.
- DOGE derivatives trading volume surged 26% to $2.59 billion, while open interest grew 2.6% to $1.70 billion.
- Spot markets saw large withdrawals, with Binance recording a $7.57 million net outflow, possibly indicating a shift to cold wallets.
- DogeOS raised $6.9 million in funding, and a DOGE ETF application has been filed with the SEC, signaling growing institutional interest.
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