Trump Meme Coin Disclosure Sparks Outflows from Dogecoin ETFs

Dogecoin's price has surged by 2.2% to $0.074 on July 3, despite outflows from spot DOGE ETFs reaching a second-highest amount of $871,000 on July 2.

The outflows were triggered by President Trump's disclosure that he received $635 million in royalties from his TRUMP meme coin, which lost 97% of its value since January 2025.

This news has raised concerns about potential regulatory crackdowns on meme coins to protect investors, with Senator Elizabeth Warren stating that President Trump and his family need to be stopped from benefiting from crypto.

However, Dogecoin's price has made a U-shaped recovery, driven by the bullish sentiment in the broader crypto market, which is attracting retail buyers.