Key Metrics
14.34
Heat Index-
Impact LevelMedium
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Scope LevelNational
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Last Update2025-09-13
Key Impacts
Positive Impacts (13)
Event Overview
The cryptocurrency market witnessed a significant price increase in Dogecoin, driven by increased open interest and whale activity. The surge coincided with the launch of the first U.S. Dogecoin ETF, signaling growing institutional acceptance and potential for further market expansion.
Collect Records
Dogecoin Experiences Significant Price Surge and ETF Launch
Dogecoin (DOGE) experienced a significant price surge, with a 14% increase driven by increased open interest and whale buying. The price reached $0.23 but faced resistance at a supply zone. On September 9-10, DOGE reclaimed the $0.240-$0.25 range, with trading volume exceeding 1.5 billion tokens. This surge coincided with REXOsprey's launch of the first U.S. Dogecoin ETF (ticker: DOJE) on September 11. Technical traders noted a bullish pennant breakout, and significant whale accumulation suggested growing institutional interest. On September 10, DOGE's price initially dropped from 0.247 to 0.236 by 14:00, supported by a high trading volume of 1.55B, which set a strong floor. The price then consolidated between 0.238 and 0.242 for most of the day, indicating strategic accumulation. In the final hour, DOGE broke out, rising from 0.240 to 0.245 with a peak volume of 114.7M. The session closed at 0.244, just below resistance, confirming bullish momentum heading into ETF launch week. Support was validated in the 0.236-0.238 range.