The post Major Dogecoin News Developments, Parallel Protocol Launch of XRP Tundra appeared on BitcoinEthereumNews.com.

Elon Musk has once again managed to turn the spotlight toward Dogecoin (DOGE). His recent post on X — simply stating “It’s time” — reignited conversation across crypto circles, briefly pushing Dogecoin’s social metrics higher. This familiar surge in attention echoes earlier moments in the coin’s history when Musk’s comments triggered major rallies. It includes the 2021 episode that propelled Dogecoin into mainstream visibility. Yet, this time, enthusiasm appears more measured, and traders are approaching the moment with caution rather than euphoria. The same day that Dogecoin’s online chatter spiked, a quieter milestone unfolded elsewhere: XRP Tundra, a dual-chain ecosystem built across the XRP Ledger and Solana, confirmed the next phase of its protocol deployment. Together, the two stories highlight the divide between hype-driven volatility and measured technical progress now defining the wider crypto landscape. Elon Musk Revives Dogecoin Sentiment Musk’s remark was posted as a reply to a community account. It referenced his years-old statement about “sending a Dogecoin to the moon.” Within hours, Santiment data showed Dogecoin’s social volume and dominance reaching multi-day highs. The token trended across most major analytics dashboards. DOGE Social Volume Despite that visibility, market activity remained relatively subdued. Dogecoin traded near $0.16, reflecting a modest uptick before stabilizing again. On-chain data revealed a less optimistic picture. Daily Active Addresses stood at roughly 37,700, and Transaction Volume slipped to $125 million. Whale transactions exceeding $1 million also dropped to just five. Broader derivatives and sentiment indicators confirm that traders are hesitant to chase the latest hype. CoinGlass data shows Open Interest around $690 million, signaling waning participation compared with previous weeks. Funding rates remain slightly positive at 0.16%, meaning long positions still outweigh shorts, though confidence remains low. DOGE Open Interest These numbers point to a maturing market where even Dogecoin — once synonymous…

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Filed under: News - @ November 7, 2025 10:28 am