The DOGE market has recently shown a significant warming trend, mainly influenced by the expectation that the U.S. may launch its first DOGE ETF in the near future. Market analysis indicates that the likelihood of approval for such an ETF is as high as 93%, and this expectation has already had a positive impact on DOGE's price, driving it up by about 10%. Meanwhile, the activity on the DOGE network has also increased, with the number of active Addresses growing by 16%.

This development marks that DOGE may be in a critical transformation period. For a long time, the value of DOGE has been primarily driven by community sentiment and the influence of social media celebrities. However, the recent expectations of ETFs and the participation of institutional investors are driving DOGE towards becoming a more mainstream financial asset.

It is worth noting that the publicly listed company CleanCore Solutions recently announced an important decision to establish an official reserve supported by the DOGE Foundation, initially purchasing $68 million worth of DOGE. This move further strengthens institutional recognition and support for DOGE.

Industry experts point out that if the DOGE ETF is approved, it will provide a compliant and convenient investment channel for institutional and individual investors. Looking back at history, the approval of Bitcoin and Ethereum ETFs has previously triggered significant price increases. The market generally expects that DOGE may exhibit a similar price trend.

However, investors should still view this expectation with caution. While the approval of the ETF may bring short-term benefits, the long-term value of DOGE requires more practical application scenarios and technological innovations to support it. In addition, the high volatility of the cryptocurrency market is also a risk factor that investors need to fully consider.

As DOGE gradually moves towards mainstream adoption, its future development will increasingly depend on its practical applications in areas such as payments and smart contracts, rather than solely relying on social media hype. This shift may signify a new phase for the DOGE ecosystem, but it also raises higher demands for its technological development and community governance.