🚀 Dogecoin (DOGE) futures have hit a record $4.6 billion in open interest, doubling the previous peak! Despite trading 35% below its all-time high, DOGE's recent 224% rally has traders buzzing. Is this a cycle top déjà vu? 🤔

Historically, DOGE's wild rides have led to significant corrections, but this time, spot market activity is the main driver. With leverage costs staying neutral, the risk of forced liquidations seems low.

Could Elon Musk's tweets and the D.O.G.E. initiative be the secret sauce behind DOGE's surge? Share your thoughts in the comments!