Today’s Dogecoin updates: – AInvest
A previously dormant Dogecoin wallet has come to life after two years of inactivity, moving a significant amount of 10.3 million DOGE, valued at around $2.25 million, on the popular cryptocurrency exchange Binance. This transaction has garnered attention, coinciding with the anticipation surrounding the impending launch of the REX-Osprey Dogecoin Exchange Traded Fund (ETF) on September 9, 2025.
The DOJE ETF, unlike conventional spot ETFs, operates under the framework of the Investment Company Act of 1940. This specific ETF will not directly hold Dogecoin; rather, it will utilize derivatives, such as futures and swaps, while also having a portion of its assets in cash and other financial instruments. Approximately 80% of the fund’s assets will be allocated to Dogecoin-related derivatives, mimicking the strategy followed for the recent launch of the Solana staking ETF by the same firm.
The response from the broader market to this news has been varied. Dogecoin is currently trading at $0.22, experiencing a 2.5% increase in the last 24 hours and a 3.5% rise over the week. Based on technical indicators, the short-term outlook appears moderately bullish, with the 50-day simple moving average positioned slightly above the current price at $0.224. However, the 200-day SMA stands at $0.198, indicating continued support for Dogecoin’s long-term trend. The 14-day Relative Strength Index (RSI) points towards neutral market conditions, showcasing the potential for price fluctuations in either direction.
Regulators are also closely monitoring the emergence of this ETF and are exploring new listing standards that could accelerate the approval process for single-asset crypto ETFs. These changes may open the door for additional ETFs tied to various cryptocurrencies like Solana and XRP. Among the over 90 exchange-traded products under review by the U.S. Securities and Exchange Commission (SEC), there are several Dogecoin spot ETF proposals from industry giants such as Grayscale, Bitwise, and 21Shares.
From an on-chain analysis and market sentiment perspective, the reactivation of the dormant wallet serves as a precursor to significant price shifts historically. Market participants are particularly attentive to pairs like DOGE/USDT and DOGE/BTC, as whale activities can affect liquidity and sentiment within the market. Concurrently, the timing of this withdrawal aligns with the increased network activity of Dogecoin, seen through rising active addresses and transaction volumes, suggesting the continuance of bullish momentum. The movement by the whale may also signify strategic accumulation or readiness for the imminent ETF launch, further cementing institutional interest in Dogecoin.
