REX-Osprey Dogecoin ETF Launch: Sell-Offs and $DOGE Price Prediction

Excitement is mounting in the crypto market as fresh Dogecoin ETF news suggests that the U.S. may see its first DOGE-based exchange-traded fund next week. Bloomberg’s Eric Balchunas confirmed that REX Shares has filed a 40 Act prospectus with the SEC—mirroring its approach for the Solana exchange-traded fund. This route bypasses traditional filings, giving the Rex Dogecoin ETF a unique edge. Rex-Osprey also shared the news over X (formerly Twitter).

Source: X

Dogecoin’s fame has long been tied to Elon Musk, whose lawyer Alex Spiro is also involved in a $200 million fundraising effort connected to DOGE. Despite being one of the most recognizable cryptos, DOGE trades far below its December 2024 high of $0.4672, currently sitting at $0.2141—though it remains up 120% year-over-year. There remain outstanding rival applications from 21Shares, Grayscale, and Bitwise in abeyance, and REX has also filed a TRUMP token application.

Why Crypto Whales Are Selling DOGE Amid ETF Approval Frenzy

One of the surprising plot turns is whales are dumping in hopes about the DOGE exchange-traded fund . Analyst Ali Martinez reported that over 200 million DOGE was dumped over a period of 48 hours, something which calls their confidence into question.

Are whales placing bets on another SEC delay, much like delays in XRP, Solana, and Cardano ETFs ?

This ambiguity on Rex-Osprey DOGE has investors concerned. In the lack of a definitive SEC ruling, fear and doubt are what control the trading trends, with whales opting to take profits on board instead of risking further volatility.

Dogecoin Price Slips Again: Is ETF Hype Failing to Lift the Market?

At press time, the meme coin is trading at $0.2141, a drop of 0.8% intraday. The market cap holds at $32.29 billion, with $1.46 billion in daily volume. In just a week, the token has slipped 3%, hovering in the $0.22–$0.20 range.

However, the monthly picture is brighter: the memecoin has gained 8.30% overall. This means that while hype creates momentum, short-term volatility especially from whale moves still weighs heavily on the price.

Dogecoin: What's Next After Launch and Whale Sell-Off Pressure?

The latest Dogecoin price prediction is divided. Technically, it is trading near about $0.214.

Source: TradingView

Bullish Scenario: A breakout above $0.25 can drive prices up to $0.28 and $0.30. The 50-day moving average increases, and the RSI is neutral at around 50. A MACD crossover can act as a cushion.

Bearish Scenario: If support at $0.20 breaks, prices fall back to $0.18 or even $0.16, where previous buyers acquired. A bearish MACD divergence may reinforce this move.

So, will Dogecoin reach $1? If the exchange-traded fund wins approval and institutional inflows grow, analysts believe $1 is possible within 4-5 months. Will Dogecoin reach $10? That would probably take 1 year of adoption, a couple of bull cycles, and consistent ETF demand.

Conclusion

In between whale dumps, ETF filing scandals, and volatility whiplashes, it is at a juncture. The Rex-Osprey can introduce legitimacy and flows, but only time will tell if hype translates into ongoing expansion—or if volatility is the king.

Disclaimer: This article is for informational purposes only. Do Your Own Research before investing.