The futures holdings of DOGE have surged to 1.3 billion US dollars, approaching the historical high set in April
According to CoinDesk, due to the rise in Trump's approval rating, Dogecoin (DOGE) futures holdings surged to $1.3 billion, with DOGE prices rising 15% within 24 hours. The volume of outstanding DOGE futures contracts has increased by 33% since Sunday, reaching 8 billion tokens, close to the historical high set in April.
This round of increase stems from the close interaction between Elon Musk and Trump. They discussed establishing a "Department of Government Efficiency" (D.O.G.E.) to optimize government spending. Trump promised that if re-elected, he would invite Musk to join the efficiency committee. This idea sparked market optimism for DOGE. Investors believe that if Trump wins the election, DOGE prices may see further increases.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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