A prominent member of the Dogecoin community has warned memecoin users against individuals and companies attempting to capitalize on the cryptocurrency’s branding. In a post on X, a prominent DOGE user stated that no particular person or entity can officially represent Dogecoin.
All of these companies promoting “treasury bonds”, ETFs, and “loans” all want one thing: to keep your Dogecoin safe and your money in your wallet.
They want to taste it, they want to use it, they want to play with it, they want to rent it, and you all…
— Mishaboar (@mishaboar) November 10, 2025
Related: XRP and Dogecoin ETFs hit US market under SEC’s 1940 Act rules
Warning: promoters are creating ‘dangerous IOUs’
According to Dogecoin users, most of the companies behind the issuance of Dogecoin bonds, ETFs, and loans have only one goal: to keep DOGE in their vaults and turn it into money in their wallets. He believes that DOGE Treasury supporters intend to explore the core value of cryptocurrencies, leaving retailers with nothing more than “more or less legal, more or less distorted, always risky debt instruments.”
On the other hand, community members also highlighted that the potential purpose of institutional investors is to profit from Dogecoin recovered from retailers. He argued that these companies will embark on operations that are against the interests of the actual DOGE owners.
DOGE rally highlights conflict between ideals and agency interests
Meanwhile, Dogecoin supporters have identified “desperate entrepreneurs” and “shady characters” as another category of players, besides institutional investors, who may seek to exploit the Dogecoin brand for personal gain. He described them as people who would never communicate their true intentions to the public.
Dogecoin is a major meme coin with a market capitalization of $27.8 billion, according to data from cryptocurrency aggregation platform CoinMarketCap. As listed on CoinMarketCap, DOGE is the largest meme coin by market capitalization and ranks 9th among all cryptocurrencies.
Meanwhile, DOGE has rebounded 23% in price over the past six days to trade at $0.1836 after falling to its lowest since the October 10 crypto market crash. It is worth noting that while DOGE is featured in several ETF applications, the REX-Osprey Dogecoin ETF with the ticker symbol $DOJE began trading on Cboe BZX on September 18, 2025.
Related: Dogecoin rises 14% in 24 hours and 38% this week amid first US Dogecoin ETF news and 1 billion acquisition plan
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