Dogecoin’s price surged 7% this month as the crypto market reacts to speculation surrounding a potential Exchange Traded Fund (ETF). The rally is attributed to heightened optimism for DOGE, driven by increased trading volume and whale activity. Though developers like Billy Markus have remained silent on the matter, institutional investors are accumulating significant quantities of Dogecoin, with an estimated 680 million coins acquired in August alone, according to analysts. This surge in market sentiment impacts other altcoins like Ethereum and Bitcoin, which saw moderate gains despite continued speculation around a DOGE ETF. The recent increase in liquidity flows is attributed to these dynamic forces of whale activity and the potential regulatory approvals for a DOGE ETF. Analysts are optimistic about Dogecoin’s future, pointing to historical similarities with Bitcoin’s 2024 ETF discussions as a guide. Despite this, competition from other meme coins remains a factor in the market dynamics.