Dogecoin News Today: Dogecoin Surges as DOGE Initiative Collapses: Market Defies Logic?

Zero Knowledge Proof (ZKP), a privacy-focused cryptocurrency project, is generating buzz in 2025 with its innovative auction model, which aims to redefine how tokens are distributed. Unlike traditional fixed-price presales, ZKP's approach involves releasing 200 million tokens daily through a public auction, with prices determined by real-time demand according to reports. This model, known as the Initial Coin Auction (ICA), allows participants to bid using ETH, USDC, or ZUSD, with a $50,000 daily wallet cap to ensure fairness according to reports. The project's partnerships with high-profile entities like FC Barcelona and the Dolphins have further amplified its profile according to reports.

Meanwhile, Dogecoin (DOGE) has seen a price surge despite the abrupt dissolution of the Department of Government Efficiency (DOGE), the Musk-led initiative that once promised $2 trillion in federal savings. The cryptocurrency rose 2.6% to $0.1465 in the last 24 hours, outperforming Bitcoin and Ethereum according to reports. Analysts attribute the rally to a "buy signal" from the TD Sequential indicator, a tool that previously predicted a 101.5% rebound. However, the initiative's closure-confirmed-by Office of Personnel Management Director Scott Kupor-has raised questions about its impact on the coin's long-term trajectory.

The DOGE initiative, launched in January 2025, faced internal and external challenges, including criticism over unverified savings claims and public dissatisfaction. Elon Musk acknowledged the agency fell short of its $1 trillion savings target, citing bureaucratic resistance. Despite its high-profile launch and support from Donald Trump, the initiative's functions were absorbed by the Office of Personnel Management, and two former DOGE officials have transitioned to the National Design Studio.

Memecore (M), another memecoin, has shown weaker momentum, trading at $2.105 with mixed signals. Its price update indicates sideways movement, with technical indicators like RSI and CCI suggesting lingering bearish pressure. Traders are closely watching whether it can break out of a $2.04–$2.31 range.

The DOGE price rally also coincides with the launch of Grayscale's exchange-traded funds (ETFs) for Dogecoin and XRP, which began trading on NYSE Arca. These funds, with zero expense ratios initially, aim to broaden institutional exposure to altcoins according to reports. While DOGE and XRP have underperformed compared to their 2021 and 2023 peaks, the ETFs have drawn significant trading volumes, with Canary Capital's XRP ETF raking in $58 million on its debut.

ZKP's auction model stands out as a transparent alternative to conventional presales, with on-chain activity ensuring no hidden discounts or manipulation according to reports. As the project approaches its launch, market participants are cautiously optimistic about its potential to disrupt token distribution norms.