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Market Cap: $ 3 787 132 962 593 / 24h Vol: $ 200 392 171 953 / BTC Dominance: 58.653467328398%

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Grayscale files for Dogecoin ETF – How did DOGE prices react?

DOGE popped 3% after Grayscale filed for a Dogecoin ETF ($GDOG) on NYSE Arca. With ETF hype in play, is this finally the breakout spark the memecoin’s been waiting for?

The market was in risk-off mode, with Bitcoin [BTC] pulling back 4% from its $123k all-time high, dragging memecoins down. Notably, the memecoin market cap fell to $70 billion, down $8 billion in three days.

And yet, despite the broader sell-off, Dogecoin [DOGE] climbed 4% in under 48 hours and consolidated above $0.20 support.

Technically, it’s a classic “high-risk, high-reward” setup. Tight range, low volatility, drawing in speculative flows. However, its divergence from the broader memecoin pack might be hinting at a deeper structural shift.

Dogecoin’s strength in a shaky market isn’t just a fluke.

Grayscale filed an S-1 with the SEC to roll out a $GDOG ETF on NYSE Arca, following its February 19b-4 filing.

For context, the 19b-4 was the first step, basically testing the waters with regulators.

This S-1 is the next move, laying out the actual structure. The ETF will hold DOGE directly and use Coinbase Custody. Compared to the first filing, this one signaled a clearer path toward launch and potential liquidity impact.

DOGE

Source: TradingView (DOGE/BTC)

On rotation, DOGE flexed versus Bitcoin. DOGE/BTC rose 5% in under three days, while ETH/BTC printed three straight red candles, showing DOGE’s edge in capital flow.

Naturally, the Grayscale S-1 landed at a prime time. Memecoins bled, but DOGE coiled just below the $0.25 ceiling.

Technically, a confirmed base here could set up a breakout once the market flips risk-on. But the real question is whether ETF “hype” alone can provide enough fuel to drive it.

Looking back at Grayscale’s first ETF filing, the setup is classic. Back then, DOGE was compressing around $0.28 support for three weeks after rejecting the $0.40 ceiling.

News sparked a 6.7% pop between the 10th and the 17th of February, but momentum quickly faded. DOGE then slid three weeks straight, losing 40% to $0.16.

Having said that, avoiding a repeat now requires ETF hype to hit support and flip it into a launchpad.

On-chain, DOGE is quietly building conviction, signaling a speculative setup primed for a directional move.

Dogecoin

Source: Santiment

Dogecoin has seen whale activity taper off, with $100k+ transactions falling from 1,889 to 235 on the 16th of August. And yet, price remains contained, signaling consolidation rather than aggressive accumulation.

In fact, volume spikes on the 12th of August point to whale-driven moves that were absorbed smoothly. However, fewer large trades now imply thinning buying pressure, leaving DOGE exposed.

Still, support near $0.213 could serve as a springboard if fresh demand arrives. Grayscale’s ETF filing now acts as a potential catalyst, setting the stage for DOGE’s rebound once the market flips risk-on.

Source

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    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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