- Optimism around DOGE and XRP ETFs is fueling bullish sentiment, with rising social buzz and institutional interest driving recent price gains.
- However, overall crypto market signals remain mixed, as broader investor confidence varies across key assets like Bitcoin, Ethereum, and Solana.
Investor optimism around Dogecoin (DOGE) and XRP has surged amid growing speculation that both tokens could soon see exchange-traded fund (ETF) approvals, according to fresh data from Santiment. As meme coin mania reignites and social sentiment trends upward, traders are showing renewed risk appetite—but the overall crypto market remains divided.
In late April, DOGE and XRP each recorded price gains exceeding 6%, fueled by ETF-related news and broader bullish chatter across social platforms. Santiment’s analysis shows traders are increasingly using terms like “altcoin,” “altseason,” and “bull cycle,” signaling a shift toward what the analytics firm calls a “gamble” mindset.
XRP: Community Confidence Peaks
Confidence in an XRP ETF has climbed steadily in recent months. Prediction markets such as Polymarket now show an 85% likelihood of ETF approval—up from 65% in February. Much of this optimism is tied to a perceived friendlier regulatory environment under the Trump-era SEC.
Although the SEC recently postponed a decision on Franklin Templeton’s proposed XRP ETF until June 17, the delay hasn’t dampened investor enthusiasm. Bullish voices within the XRP community have become louder, even as the volume of XRP-related discussions has declined.
Also read: Bitcoin Rally: Institutional Demand Pushes BTC Toward $100K Milestone
DOGE: Whale Activity and Institutional Moves
Dogecoin is also attracting institutional attention. In April, major ETF players like 21Shares and Bitwise submitted proposals for DOGE ETFs, with Nasdaq backing the move through its own filing with the SEC. As of late April, DOGE returned to the top 10 cryptos by volume, and its social dominance hit a three-month high.
This revival has been supported by whale accumulation, suggesting large investors are positioning for potential ETF approval.
Broader Market: Mixed Signals
Despite bullish indicators for DOGE and XRP, the wider market remains uncertain. Bitcoin ended April stronger than expected, while Ethereum showed signs of recovery in sentiment, though still lagging behind meme coins in social buzz.
Solana (SOL), meanwhile, continues to generate trader debate, buoyed by speculative ETF hopes and strong technical interest.
As ETF speculation heats up, the question remains: is the market heading into a sustainable bull phase—or just another sentiment-driven spike?
