DOGE Surges 7.17% as Elon Musk Sparks SpaceX Mission Buzz and $844M Trading Volume

Dogecoin (DOGEUSDT) experienced a notable price increase of 7.17% over the past 24 hours, now trading at $0.10058 on Binance. The rise is primarily attributed to positive market sentiment following a softer-than-expected inflation report, increased trading activity with large transfers of DOGE to exchanges, and renewed attention driven by comments from Elon Musk regarding the potential SpaceX DOGE mission. These developments led to heightened leverage in DOGE futures trading, resulting in liquidations and reduced open interest due to risk management. Dogecoin’s trading volume surged to over $844 million, supported by increased network activity and active addresses, with the asset ranking #9 by market capitalization at approximately $16.45 billion.