The performance of Dogecoin over the past week has been quite impressive. The price has already surpassed $0.14, with a weekly increase of 18.7%. Not only has it outperformed the broader market, but it also hit a new high since the end of last year. From the beginning of the year until now, the increase has accumulated to 30%. What does this indicate? It shows that this once joke coin is experiencing a genuine revival.

Interestingly, this rally is not exclusive to Dogecoin. Meme coins like Shiba Inu and PEPE are also gaining strength, and the total market capitalization of the entire sector has broken through the $50 billion mark. This is what is called sector resonance—when one track starts to heat up, capital naturally flows into the entire ecosystem.

Even more noteworthy is the change in capital flows. The launch of spot Dogecoin ETFs has given this asset recognition from the mainstream financial sector. Although the scale is still not comparable to Bitcoin ETFs, it has accumulated a net inflow of $3.9 million since early 2026, indicating that traditional finance is gradually opening its doors.

The futures market is even more active. The open interest in Dogecoin futures has surged to a record high of approximately $2 billion. What does this number mean? A large amount of leveraged capital is pouring in, with both longs and shorts establishing substantial positions. The market has entered a phase of high volatility and intense competition. Sharp price fluctuations could happen at any time.

On-chain data also shows another signal—whales are buying. In the past 24 hours, these large holders have purchased over 220 million DOGE. This large-scale, continuous buying usually suggests that market participants are strongly optimistic about the upcoming trend.