Dogecoin (DOGE) Soars as ETF Anticipation Grows

隨著 ETF 預期的增長，狗狗幣 (DOGE) 飆升

Dogecoin (DOGE) has surpassed the $0.41 mark amidst renewed speculation of an exchange-traded fund (ETF) launch later this year. Leading market maker Wintermute has called for an ETF based on the meme token and has placed a bet on DOGE.

在今年稍後推出交易所交易基金 (ETF) 的新猜測中，狗狗幣 (DOGE) 已突破 0.41 美元大關。領先的做市商 Wintermute 呼籲推出基於 Meme 代幣的 ETF，並押注 DOGE。

Wintermute's 2025 outlook report suggests that the rise of meme tokens has eclipsted established altcoins. With institutional involvement, Wintermute anticipates that memes will gain sufficient recognition to warrant an ETF featuring one of their top assets.

Wintermute 的 2025 年展望報告表明，meme 代幣的崛起已經超越了現有的山寨幣。 Wintermute 預計，隨著機構的參與，迷因將獲得足夠的認可，以保證其頂級資產之一的 ETF 成為可能。

Wintermute Predicts a DOGE ETF for 2025. | Source: Wintermute 2025 Outlook

Wintermute 預測 2025 年將推出 DOGE ETF。資料來源： Wintermute 2025 年展望

The anticipation of increased DOGE exposure and mainstream investment has fueled the recent rally. DOGE has broken out above $0.41, reaching its highest range in a month. Expectations for a $1 rally have been rekindled as crypto adoption expands in 2025.

對 DOGE 曝險和主流投資增加的預期推動了近期的上漲。 DOGE已突破0.41美元，達到一個月來的最高區間。隨著 2025 年加密貨幣採用範圍的擴大，人們對 1 美元上漲的預期重新燃起。

According to Wintermute, DOGE is the most likely candidate for an ETF due to its legacy and liquidity. DOGE remains a significant contributor to the meme ecosystem, accounting for 53% of its value.

根據 Wintermute 的說法，由於 DOGE 的傳統和流動性，它是最有可能的 ETF 候選人。 DOGE 仍然是 meme 生態系統的重要貢獻者，佔其價值的 53%。

While ShibaInu (SHIB) holds influence, Wintermute believes DOGE would be selected for a new fund. Wintermute has consistently emphasized the bullish potential of memes, facilitating trades for both established and emerging tokens. Notably, Wintermute's known wallet does not hold any DOGE.

雖然 ShibaInu (SHIB) 具有影響力，但 Wintermute 相信 DOGE 將被選為新基金。 Wintermute 一直強調迷因的看漲潛力，促進成熟代幣和新興代幣的交易。值得注意的是，Wintermute 已知的錢包中沒有任何 DOGE。

Wintermute predicts that mainstream finance will embrace more tools for harnessing crypto earnings while mitigating volatility. The market maker expects 2025 to witness an expansion of ETF products, providing greater accessibility for mainstream investors.

Wintermute 預測主流金融將採用更多工具來利用加密貨幣收益，同時減輕波動性。該做市商預計 2025 年 ETF 產品將擴大，為主流投資者提供更多機會。

Following the success of single-coin ETFs focused on BTC and ETH, Wintermute anticipates multi-asset products that track broader crypto markets. Some ETF products may even capture market trends, including memes.

繼專注於 BTC 和 ETH 的單幣 ETF 取得成功後，Wintermute 預計將推出追蹤更廣泛加密貨幣市場的多資產產品。一些 ETF 產品甚至可能捕捉市場趨勢，包括表情包。

Grayscale has indicated its consideration of DOGE as an asset under evaluation, without imposing a specific deadline for product development. While DOGE is readily accessible for mainstream buyers, an ETF could significantly increase new investments. Grayscale also highlighted DOGE in its recent report on the top 10 appreciating assets for the previous week. DOGE ranked closely behind XRP and Cardano (ADA), indicating buyer confidence in tokens poised for potential breakouts.

Grayscale 已表示考慮將 DOGE 作為正在評估的資產，但沒有規定產品開發的具體期限。雖然主流買家很容易獲得 DOGE，但 ETF 可以顯著增加新投資。 Grayscale也在其最近的上週十大升值資產報告中重點介紹了DOGE。 DOGE 的排名緊隨 XRP 和 Cardano (ADA) 之後，顯示買家對潛在突破的代幣充滿信心。

The likelihood of a DOGE ETF may be further enhanced if Litecoin (LTC) is also included in a mainstream fund. DOGE's mining mechanism linked to Litecoin blocks provides it with additional security.

如果萊特幣（LTC）也被納入主流基金，那麼 DOGE ETF 的可能性可能會進一步增加。 DOGE 與萊特幣區塊相關的挖礦機制為其提供了額外的安全性。

Whales Fuel DOGE Rally

鯨魚為 DOGE 集會提供燃料

Recent gains in DOGE are attributed to renewed whale interest. Historically, large-scale investors have acquired DOGE due to its potential for appreciation.

最近 DOGE 的上漲歸因於鯨魚興趣的重新燃起。從歷史上看，大型投資者因其升值潛力而收購了DOGE。

Whales have injected $200M into the market during the DOGE rally, while exchange wallets have also increased their holdings. Significant whale transactions have shifted over 600M DOGE in a short time, extending the accumulation period.

在 DOGE 上漲期間，鯨魚向市場注入了 2 億美元，而交易所錢包也增加了持股。大額鯨魚交易短時間內轉移超過6億DOGE，延長了累積週期。

The buying surge aligns with technical forecasts of a substantial price breakout as DOGE approaches $0.40. The XRP rally has also contributed to DOGE's momentum, with price predictions reaching $1.

隨著 DOGE 接近 0.40 美元，購買激增與價格大幅突破的技術預測一致。 XRP 的上漲也推動了 DOGE 的發展勢頭，價格預測達到 1 美元。

Despite its ongoing daily supply growth, with 10,000 new coins minted every two minutes, DOGE remains a liquid asset with widespread listing and usage. Over 30% of the circulating supply is held by whales, while 143,872 wallets currently hold DOGE.

儘管每日供應量持續成長，每兩分鐘鑄造 10,000 枚新幣，但 DOGE 仍然是一種流動資產，具有廣泛的上市和使用。超過 30% 的流通供應量由鯨魚持有，而目前有 143,872 個錢包持有 DOGE。