Dogecoin registered a 123% increase in spot trading volume as traders became more active despite the meme coin trading near multi-month lows. The surge in activity coincided with elevated futures participation, although the broader price structure still favored sellers. According to Coinglass, spot trading volume climbed to approximately $219 million, while futures volume reached nearly $1.5 billion and open interest remained above $1.1 billion, indicating leveraged traders continue holding sizable positions even without a decisive price recovery.