DOGE price: Dogecoin zooms 10% in breakaway from bitcoin as open interest hits year-high
DOGEs rally comes after weeks of sideways trading and a broader return of speculative interest across majors earlier in the week. Market observers such as Jordan Jefferson, founder of DogeOS and MyDoge, said in a message to CoinDesk that several catalysts may be contributing to demand for the token. “DOGE‘s price move isn’t tied to a single news event,” Jefferson said. “Over the past week, large holders added more than 500 million DOGE. 21Shares listed a physically backed ETP on Xetra, and Grayscale flows turned positive after nine straight days of outflows. On-chain activity is also up, with active addresses rising 28%.” Those flows matter because DOGEs market structure tends to respond quickly when spot accumulation, derivatives leverage, and retail narratives align. The token has historically traded less like a payments asset and more like an attention-driven macro meme, where positioning can accelerate fast once traders believe a familiar catalyst is back in play. The X payments angle remains a swing factor, but the least concrete part of the DOGE trade. Elon Musk has said that X Money will launch as a payments product with peer-to-peer transfers, bank deposits, a debit card and cashback rewards through X Payments, a licensed subsidiary partnered with Visa. Nothing in