Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»Dogecoin (DOGE) futures reach a record open interest of $1,000,000,000.
ALTCOIN NEWS

Dogecoin (DOGE) futures reach a record open interest of $1,000,000,000.

By Crypto FlexsMarch 1, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Dogecoin (DOGE) futures reach a record open interest of ,000,000,000.
Share
Facebook Twitter LinkedIn Pinterest Email

Futures for meme asset Dogecoin (DOGE) have reached a record $1 billion worth of open interest, according to new data.

According to market intelligence platform Coinglass, the dog-themed memecoin has reached an all-time high of $1 billion in open interest, or the total number of outstanding derivatives contracts for that particular asset.

According to the data, the overwhelming majority of options contracts were placed through four major centralized cryptocurrency exchange platforms: Binance, ByBit, OKX, and BingX.

Together, these four companies withdrew $960 million worth of Dogecoin futures, with Binance and Bybit each contributing more than $300 million.

Other cryptocurrency exchanges that have seen significant activity in terms of DOGE derivatives include Huobi, BitMEX, dYdX, Kraken, and Coinbase.

According to data from Coinalyze, which compiles statistics on cryptocurrency futures, the majority of futures traded involving popular meme assets over the past day have been long positions. Coinalyze found that 69.88% of DOGE options were bought and 30.13% were sold, resulting in a ratio of 2.32.

Additionally, Coinalyze discovered that Dogecoin’s open interest increased by a whopping 27% in just one day.

Dogecoin is trading at $0.128 at the time of this writing. It has gained 15.39% in the last 24 hours and is 54% above the 7-day low of $0.083 set on February 23.

Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox

Check Price Action

follow us TwitterFacebook, Telegram

Daily Hodl Mix Surfing

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Image created by: Midjourney

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Ava Labs Director of Engineering Patrick O’Grady Leaves Team to Start His Own Company

July 28, 2024

Trump Deepfake requires Velociraptors in Border Patrol.

June 4, 2025

Analysts predict a price boom for Bitcoin and other cryptocurrencies.

February 12, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.