Whale Activity and ETF Optimism Reshape the Narrative of DOGE's Limited Supply

Talk of a reduction in

(DOGE) supply has heightened discussions about its scarcity, with some market experts now predicting it could become the leading coin to watch ahead of a possible U.S. ETF launch in October 2025. Although DOGE is known for its unlimited supply—new tokens are regularly mined and put into circulation—recent shifts in the market and activity from large holders have reignited interest in its future prospects. As of June 2025, the total number of tokens in circulation was roughly 149.834 billion, with an annual inflation rate close to 3.7%. This rate is anticipated to slowly decrease as the impact of newly created tokens becomes less significant compared to the overall supply. Unlike Bitcoin’s fixed cap of 21 million, DOGE’s inflationary design makes it more suited for everyday transactions rather than being a long-term store of value.

Recent buying sprees by major holders have added to the market’s positive sentiment. In just one week in August 2025, large investors bought over 2 billion DOGE, causing the price to climb 17% to $0.24 and sparking speculation about wider market acceptance. These big holders now possess around 27.6 billion DOGE, which is 18.3% of all coins in circulation. Such accumulation has led to conversation about a possible major event in the market, with many experts tying the increased demand to the expected approval of the first U.S. DOGE ETF, the Rex-Osprey DOGE ETF (ticker: DOJE), introduced on September 11, 2025. Should it be approved, this ETF would mark a milestone for meme coins and could greatly boost DOGE’s credibility and trading volume among institutions.

The arrival of crypto ETFs has already changed the way people invest in leading digital assets like

and , and a similar effect is predicted for meme coins. The recent regulatory shift by the U.S. SEC has paved the way for more crypto ETF approvals, with proposals for ETFs that track (SOL), , and (LTC) already under consideration. With its strong cultural presence and widespread usage, DOGE is widely seen as an obvious choice for such a financial product. The inaugural U.S. DOGE ETF is being promoted as an easy way for both institutional and retail investors to get exposure to meme coins without the complexities and risks of directly handling digital currencies.

Experts point out that DOGE could see significant gains in a broader bull market, especially with increased institutional involvement through ETFs. While some see DOGE as a speculative asset reliant on media and celebrity attention, others argue that its inflationary system offers advantages for regular transactions and community participation. The current trends, including swift accumulation by whales and ETF-driven speculation, indicate that DOGE might undergo a major price shift if the ETF is approved. Still, concerns over DOGE’s limitless supply continue to spark debate. In contrast to Bitcoin’s emphasis on scarcity, DOGE’s value is largely tied to its use in small payments and its dedicated community.

Interest in meme coins is growing beyond just DOGE. Rivals like MAGACOIN FINANCE are also attracting attention, especially among early investors looking for high-risk, high-reward plays. Although DOGE’s established reputation and large user base give it momentum, MAGACOIN FINANCE is aiming to stand out with its scarcity features and utility-driven approach. Analysts believe both tokens could benefit in a bullish environment, but DOGE’s greater adoption and institutional reach give it a near-term edge.

As the market awaits the crucial ETF decision in October 2025, investors are keeping a close eye on price trends and regulatory updates. DOGE’s performance in the upcoming months will be shaped by factors such as whale activity, community involvement, and regulatory outcomes. While its endless supply model poses certain risks, DOGE’s distinctive role in the crypto space and the potential for ETF-related institutional investment make it a compelling choice for those interested in meme coins.