Dogecoin Skyrockets: The Meme Coin Defying Gravity in 2025

Dogecoin's price surges as retail traders pile into the joke-turned-juggernaut—proving once again that crypto markets laugh hardest at those who take them seriously.

From meme to mainstream

The Shiba Inu-branded asset is riding a wave of speculative fervor, with trading volumes spiking 300% amid rumors of a surprise exchange listing. Technical indicators show the coin breaking through key resistance levels like a Elon Musk tweet cuts through market sanity.

Liquidity tsunami

Whale wallets are accumulating DOGE at levels not seen since the 2021 bull run, while perpetual swap funding rates suggest leveraged traders are betting big on continued upside. The derivatives market's pricing in volatility that would make a Wall Street quant reach for the Xanax.

The institutional shrug

Traditional finance analysts remain baffled as Dogecoin's market cap flirts with top-10 status—another reminder that in crypto, fundamentals are just decorations on the rocket ship of collective delusion.

Image source: Getty Images.

Dogecoin is soaring in response to a potentially major executive order on 401(k)s

With the executive order that President Trump is expected to sign today, Dogecoin and other cryptocurrencies will get another big round of backing from the administration, and it could translate to sustained bullish momentum. Besides the added financial legitimacy that digital coins get with being eligible for inclusion in 401(k)s, the new executive order also looks poised to expose the crypto market to bullish catalysts from employers' matching contributions.

In other words, employees with a 401(k) plan could contribute to their account and use the benefits of their employer match to purchase cryptocurrencies. These plans are a major part of saving and retirement preparation for many U.S. citizens, and allowing cryptocurrencies to be part of these accounts has the potential to create a wave of sustained purchasing across the crypto market.

What's next for Dogecoin?

The TRUMP administration has been making moves that could significantly accelerate adoption for cryptocurrencies, and it seems likely that the crypto industry will continue to see relatively high levels of support from the executive branch throughout Trump's term.

While Dogecoin remains a high-risk investment, heightened levels of government support are creating catalysts that could help push its token price above current levels.