Dogecoin Price Volatility: 18% Surge Fuels Market Speculation

Dogecoin experienced a dramatic price surge of 18%, impacting the cryptocurrency market and raising questions about its future trajectory. The significant increase, which occurred on May 9, 2025, led to substantial market activity with an increased open interest of over $2.17 billion. This move also triggered liquidations worth approximately $13 million, primarily affecting short positions. Experts caution that Dogecoin’s volatility may persist as speculative trading continues.