Dogecoin's (DOGE) dour price action this week has activated bargain hunters.

The largest meme token by market value, Dogecoin, has dropped nearly 5% to 26 cents, according to data from CoinDesk. However, institutional investors are seizing the opportunity, snapping up 680 million DOGE tokens amid the price dip.

This flurry of accumulation comes as regulatory clarity improves ahead of the anticipated approval of the first U.S.-listed spot Dogecoin ETF, according to CD Analytics.

On Tuesday, CleanCore Solutions announced the purchase of an additional 100 million DOGE, bringing its treasury holdings to over 600 million DOGE.

The Rex Shares-Osprey Dogecoin ETF (DOJE) is expected to go live this week, allowing investors to gain exposure to the cryptocurrency without needing to own and store

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