Dogecoin News Today: Grayscale Files DOGE ETF as Meme Coin Traders Shift to LILPEPE for 18,365% Gains

Grayscale Investments has submitted a proposal for a spot Dogecoin (DOGE) exchange-traded fund (ETF) with the ticker symbol $GDOG, aiming to bring institutional legitimacy to the meme-based cryptocurrency. The filing, made under Form 19b-4 on February 13 and subsequently updated, seeks approval from the U.S. Securities and Exchange Commission (SEC) for listing on NYSE Arca. The move is seen as an attempt to enhance DOGE’s liquidity and attract institutional adoption, potentially setting a precedent for other altcoin ETFs in the pipeline [1].

Dogecoin’s price initially surged by 2.5% following the filing but later declined by 4.17% to $0.2238 within the last 24 hours, reflecting the inherent volatility of meme coins. With a market capitalization of $33.71 billion and no supply cap, DOGE remains exposed to market swings. Its circulating supply of 150.57 billion coins highlights the challenges of valuation and demand in a decentralized and unregulated market [1].

Despite Grayscale’s push, the meme coin community has largely shifted focus to a competing token, Little Pepe (LILPEPE), which is generating significant retail interest. Proponents suggest that LILPEPE could yield returns of up to 18,365%, driven by its unique positioning as a Layer-2 chain optimized specifically for meme coins. The project has raised 98.06% of its $22.32 million Stage 11 funding goal, selling nearly 14.06 billion tokens at $0.0020 each. This momentum underscores a growing trend where community-driven projects are outpacing institutional efforts in meme coin space [1].

LILPEPE’s technical architecture includes a 0% transaction tax model, protections against bot sniping, and a high CertiK audit score of 95.49%. These features have contributed to its appeal among traders seeking both utility and growth potential. The token is also expected to list on two major centralized exchanges, which could further enhance its liquidity and visibility [1].

The institutional push for a DOGE ETF faces regulatory hurdles. The SEC has historically resisted similar proposals due to concerns over market manipulation and volatility. October 2025 is expected to bring regulatory clarity on the matter, and until then, DOGE may remain in a consolidation phase. Analysts speculate that institutional adoption could eventually drive DOGE to $0.40 or even $0.50 [1].

Meanwhile, the success of LILPEPE’s presale and its community-focused approach highlight how meme coins are evolving beyond pure speculation. With mechanisms like staking and reward programs accounting for 13.5% of the total supply, LILPEPE aims to incentivize long-term holding and ecosystem participation. Marketing efforts centered on viral content and influencer collaboration are anticipated to fuel further growth post-launch [1].

Source: [1] Grayscale Pushes for a Dogecoin (DOGE) ETF, but Meme Coin Traders Are Doubling Down on Competitor Token for 18365% Gains (https://cryptodaily.co.uk/2025/08/grayscale-pushes-for-a-dogecoin-doge-etf-but-meme-coin-traders-are-doubling-down-on-competitor-token-for-18365-gains)