Glassnode reports a dramatic 64% surge in Dogecoin futures open interest, indicating heightened speculation and active trading activity. This rise, from $989 million to $1.62 billion within just one week, reflects trader optimism but also raises concerns about market volatility and price stability. Increased open interest was likely driven by major trades, signaling speculative activity in derivative markets without consistent corresponding price shifts. Experts are closely monitoring this volatile trend. Other key points include: the potential of Tether surpassing Ethereum’s market capitalization, driven by its expanding circulating supply; and historical analysis showing similar surges in Dogecoin’s open interest leading to volatility and directional trade movement.