- Dogecoin’s institutional interest surged, with Wall Street giants like Goldman Sachs and Grayscale on board.
- Memecoins saw a market resurgence, with top assets like DOGE, PEPE, and SHIB leading the charge.
Dogecoin [DOGE], once the court jester of the crypto realm, now struts through Wall Street’s hallowed halls like it owns the place. Grayscale, Goldman Sachs, and Webull have all name-dropped the token in SEC filings, leaving skeptics scratching their heads. Who’s laughing now? 🐕💼
As the top eight memecoins bask in the green glow of success, the market is pivoting from Bitcoin’s monochrome dominance to a vibrant, meme-fueled carnival—with Dogecoin leading the parade, top hat and all.
Dogecoin tops SEC mentions
Institutional interest in Dogecoin isn’t just whispered in dark corners—it’s etched in official records. Alphractal’s data shows Dogecoin has hit an all-time high in SEC filing mentions, outshining even some of its more “serious” altcoin peers.
Grayscale, Goldman Sachs, and Webull Corp have all explicitly mentioned DOGE in recent filings, signaling a seismic shift in risk appetite. Who knew a Shiba Inu could wag its tail so hard on Wall Street? 🏦
The surge in mentions coincides with a broader memecoin rally. Institutions are finally seeing Dogecoin as more than a punchline, acknowledging its role as a legitimate part of their crypto portfolios. Volatility, branding, and community-driven assets? Dogecoin’s got it all. 🎭
Top memecoins post weekly gains
With Bitcoin taking a breather, capital is flooding back into the memecoin market. Over the past week, eight top-trading memecoins have seen significant gains, fueled by rising risk appetite and shifting social narratives. Memecoins are no longer just jokes—they’re cultural phenomena. 🚀
Dogecoin posted a modest 7.21% gain, maintaining its dominance with over $1.1 billion in weekly trading volume. Shiba Inu [SHIB] edged ahead with a 9.48% increase, proving that the top two meme assets still have retail traders hooked. 🐕💎
Among smaller-cap tokens, Pepe [PEPE] stole the show with a 24.04% weekly surge, the largest gain on the chart, accompanied by $821 million in volume. Pudgy Penguins [PENGU] followed with a 14.15% increase, suggesting it’s more than just a cute face. 🐧
Bonk [BONK], dogwifhat [WIF], and Floki [FLOKI] all logged solid weekly gains. WIF’s market cap neared $500 million, marking its growing importance in the meme ecosystem. Meanwhile, the OFFICIAL TRUMP [TRUMP] token rose 6%, maintaining high liquidity at $569 million. Politics and memes? A match made in crypto heaven. 🎩
What this means for markets and regulation
With rising volumes in DOGE, BONK, and PEPE, market watchers are speculating about the launch of memecoin-themed ETFs. Traders are increasingly viewing these tokens as high-risk, high-reward assets that can spice up portfolios during bullish cycles. 🎢
The SEC recently classified memecoins as digital collectibles rather than securities, easing regulatory concerns. However, scrutiny over influencer promotions and liquidity manipulation remains. As institutional investment grows and retail enthusiasm continues, memecoins may need to evolve into transparent, community-focused assets. 🌱
The coming months will reveal if memecoins can combine cultural popularity with financial credibility in this newly legitimized space. Will they rise to the occasion or remain the class clowns of crypto? Only time will tell. ⏳
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2025-03-18 12:11