For context, back in February, the Dogecoin daily trading volume had risen above the $10 billion mark as the market struggled. Then, back in May 2025, the meme coin had crossed the $10 billion mark once again when the market had recovered and DOGE pushed above $0.25.
This suggests that crypto traders are not making any moves and opening more positions at the same time. It also points to the fact that investors are waiting to see what the market does before making their moves. As of June 11, the Dogecoin open interest was sitting at $2.11 billion, a decline from the $2.5 billion average recorded toward the end of May.
