Dogecoin Breaks Trendline as OG Memecoins Surge

Dogecoin and other OG memecoins are experiencing a resurgence in price, with Dogecoin leading the charge with a 10% gain over the past 24 hours.

This surge has led to a significant increase in trading volume, with Dogecoin's daily token trading volume jumping by 3.5x to around $1.28 billion.

The move is attributed partly to fundamental reasons, including a doubling of long-term bond buybacks by the U.S Treasury and a weakening of the U.S Dollar pegs.

This has injected liquidity into the market, making base assets like Dogecoin more attractive to investors.