Dogecoin News Today: Dogecoin Dips, Layer Brett Rises: Meme Coin Tech Faces Redefinition

Meme coin projects continue to capture investor attention in late 2025, with a particular spotlight on Dogecoin (DOGE), Pepe, Bonk, and the emerging Layer Brett. Recent developments have highlighted both volatility and innovation in the sector, with regulatory, corporate, and technological factors playing key roles in shaping market sentiment.

Dogecoin has experienced significant price swings, dropping 10.6% in the last 24 hours as of 5:47 p.m. ET, following a sharp rise on Friday after comments from Federal Reserve Chair Jerome Powell. The drop aligns with broader market movements, as the S&P 500 and Nasdaq Composite also declined. Powell’s remarks at the Jackson Hole symposium hinted at potential rate cuts, which spurred risk-on behavior in the crypto market, particularly for meme coins. However, Dogecoin’s inflationary design—intended as a lighthearted investment—makes it inherently volatile, and its price trajectory is heavily dependent on sustained community and institutional interest [1].

In contrast to Dogecoin’s fluctuation, a notable boost in sentiment for the meme coin sector came from a $50 million acquisition by a Trump-linked entity, Thumzup, of a Dogecoin mining firm, Dogehash. This move is seen as a vote of confidence in the infrastructure supporting Dogecoin and other meme tokens. Wyoming also launched its state-backed stablecoin, the Frontier Stable Token, reinforcing a regulatory environment that is increasingly accommodating to digital assets. These developments contributed to a 5% surge in DOGE on Tuesday, with the token trading between $0.21 and $0.22 and showing strong institutional trading activity [2].

Layer Brett is emerging as one of the most promising projects in the meme coin space, combining meme culture with blockchain innovation. Positioned as a Layer 2 solution on Ethereum, Layer Brett processes transactions off-chain to reduce fees and improve scalability. Unlike traditional meme coins such as Dogecoin, Shiba Inu, and Bonk, which lack robust utility and suffer from congestion, Layer Brett leverages Ethereum Layer 2 technology to offer near-instant transactions and minimal fees. Its presale, currently offering $LBRETT at $0.0047 per token, has attracted attention for its high staking rewards—up to 55,000% APY for early adopters. This level of return is far superior to established coins like DOGE and Bonk, which offer limited or no staking incentives [3].

The distinction between Ethereum Layer 2 blockchains and traditional Layer 1 chains is central to understanding the evolving landscape of crypto scalability. Layer 2 solutions process transactions off the main Ethereum chain, alleviating congestion and reducing fees while maintaining the security of the underlying network. Technologies such as rollups, state channels, and plasma chains are key to this scalability. As of early 2025, over $42 billion in assets are secured on Layer 2 networks, which now handle the majority of Ethereum transactions. These solutions are enabling new use cases such as high-frequency DeFi trading, Web3 gaming, and NFT minting that were previously unfeasible on Layer 1 [4].

However, the definition of what constitutes a true Layer 2 is under debate, particularly with the rise of Optimiums—chains that settle to Ethereum but post data to alternative availability layers. Critics argue that these projects introduce additional trust assumptions and do not fully inherit Ethereum’s security. For instance, Celo, which transitioned to an OP Stack with EigenDA, has been classified as an “Other” by L2BEAT due to its reliance on off-chain data availability and a limited set of external actors for fraud proofs. While Optimiums offer scalability benefits, they lack the on-chain enforcement mechanisms that ensure data availability and transaction validity on traditional rollups. This distinction remains a critical consideration for users evaluating the security and trustworthiness of different Layer 2 solutions [5].

Source: [1] Why Dogecoin (DOGE) Sank Today (https://www.nasdaq.com/articles/why-dogecoin-doge-sank-today) [2] DOGE Surges 5% Amid Trump-Affiliated Dogecoin Mining Deal and Fed Comments (https://www.coindesk.com/markets/2025/08/22/doge-surges-5-amid-trump-affiliated-dogecoin-mining-deal-and-fed-comments) [3] Best Crypto Presale Right Now? Experts Say Layer Brett (https://www.mitrade.com/insights/news/live-news/article-3-1063798-20250823) [4] What Are Ethereum Layer 2 Blockchains and How Do They Work? (https://onekey.so/blog/ecosystem/what-are-ethereum-layer-2-blockchains-and-how-do-they-work/) [5] Optimiums and the "L2": Ethereum security revisited (https://blockworks.co/news/optimiums-and-the-l2-ethereum-security-revisited)