Doge Day: The Dogecoin Community Celebrates Its Iconic Memecoin
On April 20, 2025, Dogecoin holders celebrate the now traditional Doge Day, a festive day born in 2021, alongside the global cannabis day. While the DOGE community shows unwavering enthusiasm, a major event could soon redefine the landscape of this iconic crypto: the possible approval of a Dogecoin ETF by the US SEC.
In brief
- Doge Day is celebrated on April 20, 2025, by the Dogecoin community, four years after its creation.
- Dogecoin remains the 8th largest crypto worldwide despite a daily inflation of 2.16 million dollars.
- Its low price remains attractive for small investors, according to expert Anndy Lian.
- Four Dogecoin ETFs are awaiting approval by the SEC, with possible decisions as early as May.
- An approval could triple the DOGE price by attracting institutional capital.
A memecoin with impressive capitalization
The Dogecoin community celebrates Doge Day on April 20, a day dedicated exclusively to DOGE. For 4 years, this tradition has combined humor, memes, and passion for this iconic crypto. However, this day could be marred by the disastrous daily inflation of more than 2.16 million dollars. Every day, about 14.4 million DOGE are created, which regularly raises criticism about its inflationary economic model.
Yet, this inflation is also an advantage for some retail investors. Blockchain expert Anndy Lian explains:
Unlike bitcoin or ethereum, Dogecoin’s inflationary supply keeps prices accessible, often below 1 dollar. It is a strong psychological factor for small holders.
Dogecoin and speculation around ETFs
As the Doge Day is in full swing, the community keeps a close eye on the SEC. Indeed, no fewer than four Dogecoin ETF applications are currently under review: Bitwise, Grayscale, 21Shares, and Osprey. Key decisions are expected between May and October 2025.
- Bitwise: possible response as early as May 18.
- Grayscale: decision expected no later than May 21.
- 21Shares and Osprey: still in pre-review phase.
Approval of a Dogecoin ETF by the SEC could propel the memecoin to new heights. According to analysts, such a decision would attract massive institutional investments, increasing DOGE’s liquidity and credibility. Some believe the price could rise to 0.30 dollars or even triple, depending on the size of incoming flows.
Between community celebration and regulatory expectations, Dogecoin continues to defy forecasts. Its speculative nature, meme branding, and the massive engagement of its community make it a unique crypto, with or without an ETF.
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The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.