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Dogecoin jumps 12% before FOMC as 21Shares launches DOGE ETP
Dogecoin rose as much as 12% on Wednesday, leading a broader relief rally ahead of the Federal Open Market Committee decision. The move came as 21Shares launched a physically backed Dogecoin ETP on Xetra, while Glassnode data showed DOGE open interest climbed 25% in 24 hours to $1.74 billion. The setup also resembles a 2023-style fractal that some traders view as a signal for further upside, even as earlier FOMC-linked DOGE rallies were followed by pullbacks.