Dogecoin (DOGE) futures volume on Bitmex soared by 9,616% in the past 24 hours, reaching $172 million, as reported by U.Today. This dramatic increase occurred during a broader market sell-off that led to $1.7 billion in liquidations, with DOGE longs contributing $16.92 million to the total. Despite the market turbulence, DOGE saw a price increase of 2.02%, trading at $0.165 after a three-day decline. The surge in trading activity was partly driven by Elon Musk's recent tweet, which reignited interest in SpaceX's 2021 commitment to send a Dogecoin to the moon.