Despite a 5% increase in price over the past week, social media discussions about Dogecoin remain low, according to data from Santiment. The "social dominance" indicator, which measures the percentage of discussions related to Dogecoin among the top 100 assets by market cap, has been relatively low in recent days, currently sitting at 1.4%.

While the recent short squeeze may have contributed to the price increase, the lack of social media attention could be concerning as it may indicate a lack of fuel for further growth. However, excessive social media hype often leads to a top formation for the meme coin.