Dogecoin Holders Celebrate ‘Dogeday’ on 4/20 as ETF Decision Looms
On April 20, the Dogecoin community marked its annual celebration of “Dogeday,” a tradition that blends the meme coin’s playful spirit with the cannabis culture holiday. This year’s festivities took on added significance as Dogecoin holders closely watch the growing buzz around a potential crypto ETF that could include the popular meme coin.
Online platforms like X (formerly Twitter) and Reddit lit up with hashtags like #Dogeday and #Doge420, with users sharing memes, price predictions, and tributes to Dogecoin’s mascot—the Shiba Inu. The enthusiasm was especially high amid speculation that the U.S. Securities and Exchange Commission (SEC) might soon consider spot ETFs for altcoins beyond Bitcoin and Ethereum.
While no formal application has been submitted for a Dogecoin ETF, growing institutional interest in crypto has given investors hope. Dogecoin has seen increased trading volume in recent weeks, fueled by broader optimism in the altcoin market and social media hype. Elon Musk’s continued support for the coin, often shared through humorous posts, has also kept the spotlight on Dogecoin.
As ETF decisions for major cryptocurrencies approach, Dogecoin’s community remains hopeful. For now, “Dogeday” is a time to celebrate the coin’s journey from internet joke to digital asset with real staying power.