My worry is that this DOGE bull run is being done to crack down on cryptos in general. I don't know many crypto long time HODlrs that are into DOGE big time. To me the recent run seems to be retail investors that came over to crypto after the robinhood scandal and big time billionaires like Musk are fueling a fake run up of DOGE. If they then collapse the DOGE price when a bunch of big time whales pull out like Musk all at once, it will crush the average person that just got into crypto, knows little about the market and bought DOGE because of memes. This the powers that should not be will then use this "crisis" and public outrage to try and clamp down on the crypto market and ban all the small cap coins as they introduce a "FED Coin" which is in the works 100%. There are secret meetings going on right now about how to create a FED coin and market it to the public to deal with the massive debt crisis in the USA. Maybe as the introduce the fed coin they tank DOGE and try to ban all the small cap coins.
Just my conspiracy mind working, could be wrong could be right, time will tell.
It could draw a lot more attention but how will they crack down on it? Each day we are seeing more decentralized exchanges popping up. Even more importantly, there are liquidity pools appearing everywhere with the expansion of DeFi.
Sure they could go after the centralized exchanges but all the rest, good luck with that. We are spreading things wide and, to be candid, I love that DOGE is taking the attention. It is putting the arrows on that while leaving BTC alone for a while. All other projects can fly under the radar for a while.
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They will use their puppets like Elon Musk to crash the price, they will incentivize moving people over to FED Coins and harm them for sticking with decentralized coins like DOGE that the institutions pumped up just to crash. See the .dot com bubble when this exact thing happened and when the dust settled it was the big players that were left standing and all the little .coms went bye bye due to market forces and consolidation of the internet by the giants that emerged, same thing will happen when crypto goes mainstream. IMO, and I have been wrong before.
I think that this is a good theory that is quite possible. Most of the people that knows the blockchain points that Doge movements are especulative.