Dogecoin (DOGE) Holders Celebrate Doge Day on April 20, 2025, as the Community Awaits a Possible DOGE ETF

On April 20, 2025, Dogecoin holders celebrate the now traditional Doge Day, a festive day born in 2021, alongside the global cannabis day.

On April 20, 2025, Dogecoin (DOGE) holders will be celebrating the now traditional Doge Day, a festive day that was born in 2021, alongside the global cannabis day.

While the DOGE community shows unwavering enthusiasm, a major event could soon redefine the landscape of this iconic crypto: the possible approval of a Dogecoin ETF by the US SEC.

What is Doge Day and why is it celebrated on April 20?

Dogecoin is a widely known memecoin that has captured the attention of numerous retail investors. Its community is renowned for its enthusiasm and good humor, which are the essence of Doge Day.

This festive day is a celebration of all things Dogecoin, with members of the cryptocurrency community coming together to share their passion, memes, and appreciation for the digital asset.

The tradition began in 2021, when the Doge Day festivities on April 20 started to gain momentum.

However, this year, a new element of concern has been introduced with the disastrous daily inflation of more than 2.16 million dollars.

Indeed, about 14.4 million DOGE are created every day, which regularly raises criticism about this inflationary economic model.

“Unlike bitcoin or ethereum, Dogecoin’s inflationary supply keeps prices accessible, often below 1 dollar. It is a strong psychological factor for small holders.” Anndy Lian, blockchain expert.

Dogecoin and speculation around ETFs

As the Doge Day is in full swing, the community keeps a close eye on the SEC. Indeed, no fewer than four Dogecoin ETF applications are currently under review: Bitwise, Grayscale, 21Shares, and Osprey. Key decisions are expected between May and October 2025.

The potential approval of a Dogecoin ETF by the SEC could propel the memecoin to new heights. According to analysts, such a decision would attract massive institutional investments, increasing DOGE’s liquidity and credibility.

As a result, some analysts believe the price could rise to 0.30 dollars or triple, depending on the size of the incoming flows.

Ultimately, between community celebration and regulatory expectations, Dogecoin continues to defy forecasts. Its speculative nature, meme branding, and the massive engagement of its community make it a unique crypto, with or without an ETF.

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The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.