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Deep-pocketed digital asset investors are gobbling up massive amounts of the leading meme token Dogecoin (DOGE). Trader Ali Martinez tells his 116,800 followers on the social media platform X that while retail investors are getting distracted by the recently launched Official Trump (TRUMP) memecoin, crypto whales heavily accumulated DOGE to the tune of $640.
Solana has seen a sharp 21% drop over the past three days, erasing some of the impressive gains from its recent rally. This sudden reversal is partly attributed to the meme coin frenzy, which initially boosted Solana's ecosystem but has now turned into a liquidity drain, leaving the asset vulnerable to a sell-off.
In a bold move following Trump's inauguration and Gensler's resignation, REXShares and Ospreys Funds have filed for multiple spot crypto ETFs, including pioneering memecoin funds.
Just a day after President Donald Trump's inauguration and Gary Gensler's official exit from the SEC, investment management firms Rex Shares and Osprey Funds have filed proposals for numerous spot crypto exchange-traded funds (ETFs) featuring the newly launched $TRUMP memecoin, as well as Dogecoin, Ripple's XRP, and other assets.
The price of Dogecoin jumped higher on Tuesday after the website of the newly created U.S. Department of Government Efficiency, spearheaded by tech billionaire Elon Musk, started to prominently feature a DOGE token logo — despite having no direct connection to the world's oldest and largest meme coin. The logo was published following President Donald Trump's inauguration on Monday.
A new ETF filing proposed to base a product on TRUMP meme tokens, though mixed with low-volatility assets like US government debt and money market funds.
Tuesday's surge in cryptocurrency markets coincides with a wave of ETF filings submitted to the SEC within 24 hours of the Donald Trump administration taking office. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $107,106.40 +3.3% Ethereum (CRYPTO: ETH) $3,335.10 +0.1% Solana (CRYPTO: SOL) $252.85 +2.7% XRP (CRYPTO: XRP) $3.19 +2.2% Dogecoin (CRYPTO: DOGE) $0.3841 +7.2% Shiba Inu (CRYPTO: SHIB) $0.00002102 +2.2% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 35.8% and daily active addresses up by 7.3%.
Dogecoin (DOGE) has made impressive strides, breaking through the $0.39 resistance level and generating bullish sentiment among investors. However, the cryptocurrency now finds itself in a precarious position, as it tests a crucial support zone at $0.36.
The Dogecoin price displays strong bullish signals after breaking out of a Falling Wedge formation. The breakout and a successful retest of the wedge pattern have fueled optimism of a potential price rally, with a crypto analyst forecasting a 50% jump to new highs soon.
The logo of the top memecoin Dogecoin (DOGE) is now the face of an official US government website. The official website of the Department of Government Efficiency (D.O.G.E.), a newly created department aimed at reducing unnecessary public costs, boasts the face of Kabuso, the deceased Shiba Inu who inspired Dogecoin. The D.O.G.E.
Bonk (CRYPTO: BONK) is rallying following a first filing for a Bonk ETF. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Bonk (CRYPTO: BONK) $0.00003417 $2.6 billion +10.5% +25% OFFICIAL TRUMP (CRYPTO: TRUMP) $42.39 $8.5 billion +6% +552.5% Dogecoin (CRYPTO: DOGE) $0.3832 $56.6 billion +6.9% +7.4% Trader Notes: Crypto trader Mayne noted that BONK's price action reflects a strong push into demand, predicting it is "attempting a big reclaim.
Rex Shares has filed for several meme coin ETFs, including TRUMP, BONK, and DOGE. The firm is also attempting to begin offering several more conventional crypto ETFs, such as Bitcoin and Ethereum.
Osprey Funds and Rex Shares have submitted filings to the US Securities and Exchange Commission for multiple crypto ETFs, including three focused on memecoins.
REX Shares has filed multiple exotic ETF applications for such tokens as XRP, Solana (SOL), and Dogecoin (DOGE).
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
A Miami-based investment firm with over $5 billion in assets under management, REX Shares, has filed to list a suite of cryptocurrency exchange-traded funds (ETFs) offering exposure to various altcoins, including major memecoins.
Dogecoin's (CRYPTO: DOGE) recent surge in whale activity, coupled with the filing of a DOGE Exchange-Traded Fund (ETF), has bolstered market sentiment, sending its odds on prediction markets higher. What Happened: Kalshi betting markets have adjusted their odds, with the likelihood of DOGE hitting $1 before September 2025 climbing 7 points to 33%.
The Department of Government Efficiency launched a website with scant details, but a large Dogecoin logo caused social media speculation.
TL;DR REX Shares has filed with the SEC to launch cryptocurrency ETFs, including Bitcoin, Ethereum, and the memecoin TRUMP, targeting institutional investors. The ETFs will invest at least 80% in a reference asset, and the TRUMP ETF will use a subsidiary to manage investments. Eric Balchunas from Bloomberg described the inclusion of TRUMP as “surreal.
Dogecoin (DOGE 5.88%) is climbing higher Tuesday despite a backdrop of pullbacks for the broader crypto market. The popular meme coin's token price was up 3% over the past 24 hours as of 11:40 a.m.
The US Department of Government Efficiency's website prominently displayed the Dogecoin logo, triggering the memecoin's rally.
Elon Musk's DOGE (Department of Government Efficiency) is facing legal scrutiny yet again. This time, however, it is through a lawsuit stating that it's not in compliance with federal transparency rules.
Just a day after Donald Trump's inauguration, two firms have filed proposals for a wide range of new crypto-based investment products, including some unexpected entries: exchange-traded funds, or ETFs, based on meme coins. Why It Matters: The firms, REXShares and Osprey, have jointly submitted filings with the SEC for a whole suite of crypto ETFs, going far beyond the traditional Bitcoin (CRYPTO: BTC) and Ether (CRYPTO: ETH) options.
The election of Donald Trump ignited a strong cryptocurrency bull run in early November of 2024. Trump was largely seen as the pro-crypto candidate of the 2024 election — having promised to open a strategic Bitcoin (BTC) reserve for the United States and even launching his own meme coin on January 17.
