Dogecoin Surges 6.9%, Market Cap Reaches $35 Billion

Dogecoin experienced a substantial price surge, rising by 6.9% to reach a market cap of approximately $35 billion. This rally was sparked by the launch of a $200 million treasury initiative on September 4th, 2025, spearheaded by Elon Musk’s legal counsel, Alex Spiro. This initiative aims to bolster Dogecoin’s credibility and liquidity in anticipation of increased institutional interest and potential ETF filings.