Bullish Trader Bets $2M on Dogecoin's Rise

A trader has purchased two million dogecoin (DOGE) call options with a strike price of $0.22, indicating a bullish bet on the meme coin's future. The options expire on June 14, requiring DOGE to surge by over 31% to yield a profit. This follows a rally in the meme coin sector, potentially influenced by the surge in GameStop's share price and Elon Musk's potential integration of DOGE into Twitter. Despite reaching $0.22 in March, DOGE has been below that level since November 2021.