Key Takeaways
- After a new exchange-traded fund (ETF) rumor and a significant increase in on-chain activities, Dogecoin experiences an 8% spike within 24 hours.
- Users speculating on X are once again brought to life after Musk interacts with Dogecoin memes.
- Important decision date is coming up for 21Shares’ ETF application, which is still pending review from the SEC.
- In the first quarter of 2025, DOGE adoption soared as over 400,000 new wallets were registered.
- Digital currency experts proclaim that Dogecoin is “more than a meme,” labeling it as the gateway to mainstream crypto onboarding.
Focus Keyword: Dogecoin ETF 2025
In 2025, Dogecoin is no longer just about memes, it has taken a leap towards something much bigger – momentum.
This suspended weekend, Dogecoin witnessed an 8% surge in value due to some institutional conversations, expansion on the blockchain, and of course, Musk stirring the pot with his usual cryptic conversations on Elon Musk’s X, formerly known as Twitter. While no new features for Dogecoin has been leaked officially by Musk, a flurry of likes and retweets on DOGE-related accounts are more than enough to fan the flames.
In regards to the CryptoTimes, the 21Shares DOGE ETF application is still under SEC review, though this week marks the opening of their preliminary feedback window. Analysts also predict an important stage approaching.
Musk’s Continued Influence on DOGE
Nobody impacts Dogecoin the way Musk does. Even without an official statement this week, his actions—such as memes showing DOGE as an interplanetary currency and interacting with Dogecoin meme pages—were enough to start a show within the community.
Here’s one of those posts Musk liked that stirred the pot:
DOGE Adoption on the Rise
Aside from ETF speculation and social buzz, Dogecoin is showing real growth Beyond social speculation and ETF talk, Dogecoin is growing fundamentally. On-chain data from IntoTheBlock indicates 400,000 new Dogecoin wallets were created—a growth of 18% quarter-over-quarter—during Q1 of 2025.
- DOGE is now usable for micro-transactions across over 70 global e-commerce platforms.
- There has been a 100% increase in transaction volume compared to the same timeframe in 2024.
- The integration of Ledger Live and MetaMask Snaps has improved usability, making interactions easier than ever.
These fundamentals are changing the story of Dogecoin from a meme to a functional, low-cost, cross-border digital currency.
ETF Watch: All Eyes on the SEC
The first spot Dogecoin ETF in the US is proposed to be registered under the name of 21Shares, which was submitted earlier this month. It will be backed 1:1 by physical DOGE and its value will be tracked by CF Benchmarks price index.
You can refer to the SEC filing here.
A 21Shares spokesperson said on Friday,
“Dogecoin has evolved from joke to infrastructure—it deserves a vehicle for compliant investor exposure.”
Holding the bulk of the safety for institutions, Bloomberg’s ETF analyst Eric Balchunas raised some concern. He voiced the fact that Dogecoin’s trendiness might actually change perceptions more favorable for institutions.
April 26, 2025, marks the next critical date where the SEC must take action by either approving, delaying, or requesting amendments. Until then, this leaves DOGE bulls a margin of just under two weeks to speculate and accumulate. Right now, those in the bull camp have a deadline and defined targets.
Cultural Value Meets Institutional Structure
What makes Dogecoin’s rise particularly unique is its crossover appeal. Unlike many top-10 tokens, DOGE is:
- Widely recognized by the general public
- Connected to the most influential tech billionaire in the world
- Highly liquid and easy to transfer
- Low in fees, making it ideal for tipping and microtransactions
Dogecoin seems to be forming into a credible on-ramp for new investors into the crypto world—not unlike how Bitcoin once served that purpose—thanks to the 21Shares ETF being in motion and real-world usage increasing.
To better understand how institutional momentum is reshaping crypto, read our article on why public companies are stacking Bitcoin.
Conclusion: The Meme That Refuses to Die
While Dogecoin started as a meme, by 2025 it’s eclipsing much of the altcoin sector in market relevance, liquidity, and branding power. With Musk teasing once again, and institutions now showing interest, the transition from meme to mainstream is more possible than ever.
If ETF authorization goes through, Dogecoin won’t just be a cultural emblem. It will become a multi-layered obtaining asset.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
Mihajlo Tošić is a content writer specializing in iGaming, crypto, and Web3. He focuses on clear, direct writing that helps brands explain, sell, or promote what they do — without overcomplicating things.
