DOGE Army Stands Firm: Elon Musk Remains the Unrivaled Face of Dogecoin
In a resounding show of support, the Dogecoin community, famously known as the "DOGE Army," has once again declared Elon Musk as the undisputed face of the meme coin. This reaffirmation comes amidst a wave of nostalgia triggered by a viral post from DogeDesigner (@cb_doge), which reignited the fervor of DOGE enthusiasts across social media. Despite Musk's recent pivot toward ambitious ventures like Mars colonization and Tesla robotics, the DOGE Army remains unwavering in their belief that his influence on Dogecoin's trajectory is irreplaceable. As of June 2025, the community continues to celebrate Musk's past endorsements, fueling optimism about Dogecoin's future. The enduring bond between Musk and DOGE highlights the unique cultural and financial synergy that keeps this cryptocurrency in the spotlight.
DOGE Army Declares Elon Musk Still the Face of Dogecoin
The Dogecoin community, known as the "DOGE Army," reaffirms Elon Musk's status as the primary influencer of the meme coin. A viral post by DogeDesigner (@cb_doge) sparked a wave of nostalgia, with fans flooding social media with memes of Musk promoting DOGE. Despite his recent shift toward topics like Mars missions and Tesla robotics, the community remains steadfast in its belief that Musk's impact on Dogecoin's future is undeniable.
Musk's engagement with meme culture has waned since his departure from the whimsical "Department of Government Efficiency" (D.O.G.E.) initiative. His recent posts have focused on SpaceX's Starship tests and global demographic concerns, with only a fleeting nod to memes—a somber Pepe the Frog image following a rocket explosion. Yet, the DOGE Army continues to champion Musk as a pivotal figure in the crypto space, undeterred by his changing priorities.
Bitwise Amends DOGE ETF Filing, Signaling SEC Engagement and Potential Market Shift
Bitwise has filed an amended S-1 for its spot dogecoin ETF, introducing in-kind redemptions—a structural shift that could streamline crypto ETF transactions. This move, praised by Bloomberg's Eric Balchunas as a "near-lock" for broader spot ETF approvals, eliminates cash intermediaries, enhancing tax efficiency and usability.
The SEC's receptiveness to in-kind transactions marks a departure from outdated cash-creation models, reducing friction and costs for institutional investors. Competing filings from 21Shares and Grayscale's 2.5%-fee trust further validate DOGE's growing institutional appeal, despite its current price stagnation at $0.16.
GameFi adoption hints at Dogecoin's evolving utility beyond meme status, while Bitwise's parallel Aptos ETF amendments suggest regulatory momentum for altcoin investment vehicles. Market watchers now await SEC decisions that could redefine crypto's on-ramps for traditional finance.
Bitwise Amends S-1 Filings for Spot Dogecoin and Aptos ETFs, Signaling Potential Approvals
Bitwise Asset Management has submitted amended S-1 registration statements to the SEC for its proposed spot Dogecoin and Aptos ETFs. The MOVE follows a June 2025 delay by the SEC, which cited market risks and investor protection concerns. Notably, Bitwise introduced in-kind creations and redemptions, allowing authorized participants to exchange shares directly for Dogecoin.
Bloomberg analysts, including Eric Balchunas, now estimate a 90% approval likelihood by October 2025. The SEC's engagement with fund managers mirrors its approach before last year's spot Bitcoin ETF approvals, suggesting a growing institutional acceptance of altcoin-based products.
Market observers view these developments as bullish for both Dogecoin and Aptos. The SEC's parallel discussions about spot solana ETFs further reinforce the trend toward broader crypto ETF adoption. Next steps involve exchanges filing Form 19b-4 with the SEC, potentially paving the way for live trading.
