Elon Musk once again sparked the Dogecoin takeoff this week by changing the Twitter logo.
Open interest in DOGE futures rose to its highest level since November 2022 at $666.85 million. According to CoinGlass, Binance, ByBit and OKX exchanges have deployed most contracts worth $394.91 million, $139.35 million and $85.76 million respectively.
Open interest exceeded 6 billion DOGE. In May 2021, the amount of deployed contracts was at an all-time high, it was close to $1 billion.