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After a sudden 9.5% daily jump to $0.2774, traders are speculating whether DOGE could be the next crypto to explode.
Behind this move is a sharp surge in trading volume. Over 2 billion DOGE traded hands during the most recent 24-hour period – almost triple the usual daily average.
Institutional wallets were responsible for over $250 million of this activity, with large holders using DOGE as a treasury asset to diversify during uncertain market conditions.
But it’s not just DOGE making headlines, presale hype around Token6900 is also heating up, as traders search for the next meme-driven breakout.
With Dogecoin surging 9.5% in a day and Token6900 closing in on the $1 million presale mark, both coins are drawing attention from investors rotating into riskier plays.
DOGE Breaks Higher But Risk Builds
Technical indicators are flashing green for DOGE. The price has been making consistent higher lows, with volume support backing every leg up.
This week’s range was between $0.254 and $0.277, with consolidation holding above $0.264.
However, traders are starting to get crowded on the long side. Open interest in DOGE derivatives has doubled in the past week, now sitting at $4 billion.
Over 70% of Binance traders are in long positions. That’s a risky setup – if the price dips, fast liquidations could amplify the downside.
Liquidity clusters have formed at $0.24, setting a new short-term support floor. But some analysts warn that DOGE’s momentum might be peaking in the short run.
A prominent trader reportedly opened a 10x long position on 84 million DOGE, with a liquidation trigger at $0.19, highlighting the current leverage-heavy market environment.
Dogecoin’s Rise Fueled by New Crypto Laws and Corporate Interest
Beyond technicals, DOGE has been helped by significant political developments in the US.
The recent passage of the GENIUS Act and the Clarity Act has created new regulatory clarity for the crypto space.
These laws limit SEC oversight and make it easier for companies to adopt cryptocurrencies for treasury use.
Bit Origin, a publicly traded firm, announced a $500 million funding round to buy DOGE for its corporate reserves.
Traders on X are starting to accumulate Dogecoin again, expecting the “old dog” to deliver another breakout run.
started adding doge @.25
bids down to .22 in case we get a wo selloff
the old dog's about to show everyone its still got it pic.twitter.com/nSVNEIFeqy
— owen (@owen1v9) July 20, 2025
This is a huge milestone for Dogecoin, marking one of the first times a public company has made DOGE a core part of its treasury strategy.
It could also be a signal that the next crypto to explode may not be a new token but a familiar meme coin getting serious corporate attention.
DOGE is still 65% below its all-time high, but if corporate adoption grows and an ETF is approved, this gap could close fast.
Token6900: Meme Presale Hits $900K as Traders Look for the Next Hype Asset
Token6900 is positioning itself as the spiritual successor to SPX6900, leaning into early 2000s meme culture and ironic market commentary.
The project has already raised over $900,000 in presale funds, with the token price set to rise in less than 24 hours.
Token6900 isn’t promising utility, perks, or roadmaps – it’s purely a community-driven bet on the intersection of memes, markets, and speculation.
Early backers are calling it the next crypto to explode, not because of fundamentals, but because of social momentum and viral appeal.
The presale is capped at $5 million, and Token6900’s end-stage price target is $0.007125.
At the time of writing, the price sits at $0.00665, with investors rotating into Token6900 to ride the next meme coin wave.
Is DOGE the Next Crypto to Explode – or Is It Token6900?
Dogecoin has real catalysts right now: ETF speculation, treasury adoption, political support, and trading volume spikes.
It’s no longer just a meme – it’s starting to play a role in corporate finance strategies. That alone could make DOGE the next crypto to explode if the trend continues.
Crypto YouTuber Jacob Crypto Bury also spotlighted Token6900, calling it a potential “10x play” for traders chasing the next SPX6900-style meme rally.
However, traders who prefer ultra-high-risk meme plays are eyeing Token6900.
With its low cap, viral marketing, and SPX6900 association, Token6900 is attracting early momentum from crypto speculators who don’t want to miss the next big presale hype.
Both DOGE and Token6900 are on the radar right now.
The difference is in the risk appetite – DOGE is riding institutional interest, while Token6900 is tapping into pure community-driven FOMO.
