Dogecoin Rises 10% as Trading Volume Jumps 3.5×

Expanded U.S. Treasury repos, concentrated retail derivatives buying and reports of Paxos network access drove the short rally while $0.08 remains the make-or-break level for a sustained reversal.

Overview

Dogecoin climbed about 10% in a 24-hour span on Friday with daily trading volume rising roughly 3.5 times to about $1.28 billion, and the broader OG memecoin sector also rallied with PEPE up ~19% and SHIB up ~10%.
The U.S. Treasury’s decision to double its long-term bond repurchase program was cited by reporters as a liquidity catalyst that helped push risk assets higher and supported the short-term DOGE move.
Derivatives and on-chain signals showed increased bullish positioning, with perpetual futures open interest rising to ~17.21 billion DOGE and funding rates remaining positive, which raises the chance of leveraged squeezes and sharp moves.
Reports that Dogecoin gained access to Paxos infrastructure were widely circulated but do not confirm immediate PayPal or Venmo wallet integration, so the development expands potential payment rails without guaranteeing instant consumer rollout.
Institutional involvement stayed limited, with DOGE spot ETFs showing no inflows after a recent outflow, leaving the rally primarily retail- and liquidity-driven and dependent on whether the ~$0.08 supply zone flips into reliable support.