As reported by Bitcoinist, the Grayscale Dogecoin ETF has collapsed by nearly 80% in a single trading session, highlighting the challenges of institutionalizing meme coins. The ETF's sharp decline exposed liquidity issues, speculative volatility, and a mismatch between social media-driven narratives and institutional investor expectations. The event has raised questions about the viability of regulated products for memecoins and reinforced the divide between institutional-grade assets and community-driven tokens. Meanwhile, projects like Maxi Doge ($MAXI) are positioning themselves as long-term meme coin alternatives, emphasizing community engagement and humor over institutional legitimacy.
Grayscale Dogecoin ETF Plummets 80% in Single Session
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