Bitwise Kills Dogecoin ETF as AlphaPepe Builds Meme Audience
Bitwise's decision to close its Dogecoin ETF has left investors watching for signs of demand that could support a recovery in the price of DOGE. The fund's last trading day is expected to be October 14, with cash payments to investors scheduled for October 22.
Dogecoin needs enough new buying to offset selling and maintain a recovery. To reach $0.09, DOGE would need around 7.9% growth from its current price of approximately $0.0834. Moving through $0.085 would mark an initial step towards this target.
AlphaPepe's presale has over 11,800 holders and has raised more than $2.68 million. The frog-themed token offers a community that is still forming before its first exchange listing. AlphaSwap Early Access is live, giving users a practical tool to explore the token before making a swap.