The recent developments of DOGE have caught the attention of investors. It is reported that Elon Musk's legal advisor Alex Spiro is planning to establish a treasury company focused on DOGE, aiming to raise as much as $200 million. This move has the support of the Dogecoin Foundation, and if the plan is successfully implemented and listed on NASDAQ, along with Musk's public support, it could trigger a significant increase in the price of DOGE.

At the same time, institutional investors are also showing a strong interest in DOGE. The American company Thumzup has acquired the mining giant Dogehash for $50 million, aiming to create the largest DOGE mining company in the United States. This move not only increases DOGE's production capacity but also enhances the stability of its supply chain.

The improvement of the DOGE ecosystem is also progressing steadily. Support from stablecoin policies, an improved regulatory environment, and an increasing number of businesses accepting DOGE payments are all driving it towards a more mature cryptocurrency.

Another point worth noting is the progress of ETFs. Grayscale plans to announce information related to the DOGE spot ETF in mid-October, which may attract more institutional funds, similar to the effects generated by the Bitcoin ETF.

Overall, DOGE is gradually transforming from an internet cultural phenomenon into a cryptocurrency asset recognized by institutions. Despite its great potential, investors still need to be cautious and are advised to carefully observe market trends before making investment decisions, avoiding putting all funds into a single asset.