A new initiative to establish a $200 million Dogecoin treasury fund has sparked excitement in the cryptocurrency market, leading to a significant price bounce and surge in trading volume. Alex Spiro, Elon Musk’s lawyer, will lead this program, signifying potential institutional investment in the meme coin. 📈 This fund aims to position Dogecoin as a serious asset class, attracting increased scrutiny from both investors and analysts. The $200 million fund has already proven successful, triggering a 4% price rebound for DOGE and a 45% surge in trading volume. The success of this move is attributed to key players within the organization working together strategically. Spiro’s history of representing prominent clients like Elon Musk suggests a significant shift in Dogecoin’s operations.