Ah, the glorious world of crypto, where memes become money and money becomes a rollercoaster ride on the back of a hyperactive corgi. Behold, the Rex-Osprey DOGE ETF (DOJE) is set to unleash itself upon the unsuspecting masses this Thursday, marking the dawn of the meme coin ETF era in the U.S., according to Bloomberg’s resident number-cruncher, Eric Balchunas. 🌭💸
This canine-inspired financial instrument will prance under the Investment Company Act of 1940, a framework so different from the Securities Act of 1933 that it’s like comparing a poodle to a pitbull. And yet, here we are, barking up the first Dogecoin ETF tree in the U.S. 🌳🐕
Dogecoin, ever the drama queen, rallied at the news, currently up 11% in the last seven days, as per CoinMarketCap’s crystal ball. It even hit $0.249 on Tuesday, only to retreat faster than a wizard fleeing a tax audit. 🧙♂️💨
Santiment, those data wizards, reveal that large wallets (1 million to 10 million DOGE) have been hoarding like squirrels preparing for a crypto winter since Aug. 25. These fat-cat addresses now hold 10.91 billion DOGE, or 7.23% of the supply, nearly a four-year high. Someone’s got a serious case of FOMO. 🌰🐿️
A Warning from the Dogehouse
The ETF launch has tails wagging in both the crypto kennel and traditional investor stables. Retail and institutional traders are sharpening their claws, ready to pounce on the speculation buffet. But beware, for volatility is afoot! 🦴⚡
Dear Dogecoin,
The next weeks (and months) may bring more twists than a game of Twister played by octopuses. News will fly like pigeons in a park, pushed by everyone from corporate bigwigs to your uncle on Facebook. Buckle up, buttercup. 🦑🎢
– Mishaboar (@mishaboar) September 10, 2025
Enter Mishaboar, the town crier of the Dogecoin realm, waving a cautionary flag. The ETF launch isn’t the only thing stirring the pot-the Fed’s interest rate decision on September 16th-17th could send investors into a tailspin. Or a tail-wag, depending on how you look at it. 🏦🐶
Mishaboar’s advice? Trade only with money you’re willing to set on fire, take profits like they’re going out of style, and avoid leverage and derivatives like they’re a plate of spoiled kibble. After all, nobody wants to end up howling at the moon with an empty wallet. 🌕💸
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2025-09-10 17:21