Grayscale’s DOGE ETF Bid Sparks Meme Coin Frenzy: Little Pepe Soars 18,365%

Grayscale Investments has applied for a spot Dogecoin (DOGE) exchange-traded fund (ETF), aiming to bring institutional investors into the cryptocurrency world. While this application could boost DOGE’s price and legitimize it in financial markets, the response hasn’t been entirely positive. Despite Grayscale’s move, traders are currently flocking towards Little Pepe (LILPEPE) – a new meme-inspired token promising gains of up to 18,365%. This shift illustrates the dynamic between institutional interest and community sentiment in the cryptocurrency market.