Dogecoin Pumps 27 % as DOGE Open Interest Tops Record$ 5.5 Billion

Before Donald Trump actually takes office as president for a next time, Dogecoin is in high spirits.

The price of the original meme coin&nbsp, now stands at nearly$ 0.418 per coin after a 24-hour rise of 9 %, according to CoinGecko.

The business cap-shared crypto is currently trading at its highest level since 2025, making it the seventh-largest overall. It has increased by 27 % over the past seven days, making it one of the biggest finalists among the best digital currencies and cash.

CoinGlass statistics shows that coin-owners who are betting on the coin’s future price action are also betting big. This is a new record for the O.G. image gold, with open attention on the coin topping$ 5.5 billion. The social value of future arrangements that have not yet been settled by traders is known as open attention.

Dogecoin—which trades as DOGE—gained a cult following when the world’s richest man, Elon Musk, started pumping the coin on Twitter ( now X ). It reached new heights and placed in the top 10 bitcoin by business cover in 2021.

In 2024, it businessman Musk started talking about the coin once more while supporting President-elect Trump on the campaign trail, but he also acknowledged that he wasn’t actively involved in cryptography.

Since Trump’s victory, the price has increased, especially now that it is known that the Tesla, X, and SpaceX boss will have a position close to Trump working with a government body called the Department of Governmental Efficiency ( DOGE ).

It isn’t clear whether Musk consciously chose the name of the state department—aimed at cutting expenses and bureaucracy—to match the Dogecoin ticker, but the tycoon has admitted that he loves cartoons.

DOGE jumped as high as$ 0.48 in December, marking a three-year high price for the coin. As of this writing, Dogecoin remains down 43 % from its all-time high mark above$ 0.73 from May 2021.