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Maybe being “legitimized” isn’t always good for a meme coin.
$DOGE used to thrive on jokes, hype, and retail excitement. Now, it’s waiting for ETF approval, Musk’s endorsement, and X Money adoption.
But when the community loses interest and starts waiting for institutions or whales to pump it, DOGE loses the retail spirit that made it valuable.
As a joke coin, it’s losing to $PEPE. As a utility asset, it can’t compete with $HYPE. That leaves $DOGE in an awkward position.
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