Dogecoin Rallies 3.79% Amid Pro-Crypto Policy Signals

The cryptocurrency market saw significant gains in recent hours, driven by signals of pro-crypto policies from the US government. Dogecoin was among the top performers, surging 3.79% over the last 12 hours.

This move is part of a broader meme coin and large cap crypto rally, which has been triggered mainly by pro-crypto policy signals and a short squeeze. The White House Crypto Summit and President Trump's call for federal regulatory reform and support for the CLARITY Act are key catalysts behind this rally.

According to Coinglass data, perpetual futures open interest in Dogecoin recently climbed to 17.2 billion DOGE, indicating a significant inflow of new leveraged capital into Dogecoin. This kind of OI spike often magnifies relatively modest spot demand into outsized price moves over intraday windows like 12 hours.