Dogecoin Drops 4.858% Amid ETF Approval Hopes

Dogecoin's latest price was $0.2652, down 4.858% in the last 24 hours. The original meme coin, Dogecoin, is once again experiencing a surge in optimism as speculation around ETFs reshapes the narrative of the crypto market. With regulatory approval for the REX-Osprey DOGE ETF (DOJE) expected soon, traders are anticipating that institutional adoption could merge with meme culture, potentially reigniting DOGE’s momentum. Currently, Dogecoin is consolidating in the $0.21–$0.26 range, demonstrating resilience even amidst broader market volatility. Analysts suggest that if ETF approval materializes and meme coin flows continue to expand, DOGE could once again target $0.50 in 2025. The revival of meme-driven narratives coincides with growing attention on speculative presales, making it clear that meme coins and cultural tokens remain a powerful force in this cycle. The concept of a Dogecoin ETF would have seemed impossible years ago, but in 2025 it is closer to reality. The REX-Osprey DOJE ETF has already gained approval under the Investment Company Act of 1940 and is awaiting its official launch date, now projected for September 18. Analysts argue that such an approval could unlock new capital inflows, particularly from retail investors using traditional brokerage platforms. Institutional legitimacy for DOGE also carries symbolic weight. If regulators allow a meme coin ETF, it signals that cultural assets have carved a lasting place in financial markets. This could fuel a surge in demand, especially from traders who view DOGE not only as a speculative asset but also as a cultural brand. DOGE is not the only meme coin benefiting from renewed interest. Flows into tokens like PEPE, SHIB, and BONK have all picked up in recent weeks, reflecting broader enthusiasm for meme-driven assets. Historically, DOGE leads these cycles, with smaller meme coins following its trajectory. Analysts argue that this pattern may repeat, with DOGE setting the pace for a wider meme coin rally. Retail engagement has also returned. Social media chatter about DOGE has surged since ETF speculation began dominating headlines, with trading forums buzzing about whether $0.50 is achievable this year. Meme culture remains one of the most powerful drivers in crypto, and DOGE’s first-mover advantage continues to make it the flagship of the sector. ETF speculation has reignited meme coin flows, pushing Dogecoin back into focus as analysts revisit its bullish narrative. Dogecoin whales have made a massive purchase, acquiring 158 million DOGE. The purchases were made at an average price of $0.28, and most of these buys came from wallets holding between 1 million and 10 million DOGE. Consequently, these heavy investors currently possess over 11 billion DOGE. Increased trading volume hints at a possible upcoming Dogecoin rally. The regulatory landscape for Dogecoin has significantly evolved, with the U.S. Securities and Exchange Commission (SEC) explicitly stating that it does not classify Dogecoin as a security under the Howey Test, solidifying its legitimacy in the cryptocurrency market as of late September 2025. This ruling follows earlier legal ambiguities and represents a key milestone in establishing clearer guidelines for the token's operation and oversight. Institutional interest in Dogecoin has surged with the successful launch of its first spot exchange-traded fund (ETF), known as DOJE, by Rex Financial and Osprey Funds on September 18, 2025. This development marks a watershed moment for memecoins, validating their acceptance within mainstream financial markets and providing greater accessibility for investors through regulated products. Adoption metrics for Dogecoin have strengthened notably, with the number of unique holders reaching a new all-time high in September 2025, surpassing previous records and reflecting growing user engagement. Daily active addresses have also surged, driven by increased retail participation and expanding utility through partnerships with major platforms like Tesla, PayPal, and Revolut for various payment and integration purposes. Whale accumulation activities indicate robust confidence in Dogecoin's long-term potential, with significant holdings being secured despite broader market fluctuations. This trend underscores a bullish sentiment among large investors and contributes to the token's ongoing development within the broader blockchain ecosystem, including its role in social media communities and microtransactions.