Dogecoin is riding high days before Donald Trump officially becomes president for a second time.
The price of the original meme coin now stands at nearly $0.418 per coin after a 24-hour rise of 9%, according to CoinGecko.
The asset—the seventh biggest cryptocurrency by market cap—is currently at its highest price so far in 2025. Over the past seven days, it has jumped by 27%, making it one of the biggest winners out of the top digital coins and tokens.
Traders betting on the future price action of the coin are also betting big: CoinGlass data shows that open interest on the coin topped $5.5 billion—a new record for the O.G. meme coin. Open interest refers to the collective value of futures contracts that have not yet been settled by traders.
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 surged to new highs and gained a spot in the top 10 cryptocurrencies by market cap in 2021.
Fast-forward to 2024, a
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Author: Mathew Di Salvo
