While Dogecoin (CRYPTO: DOGE) whales are accumulating, the crypto community is debating whether utility or speculation will ultimately determine the cryptocurrency’s future.

“Dogecoin Is For Spending, Not Holding“

In an X post on June 10, Timothy Stebbing, director at the Dogecoin Foundation, pushed back against critics who frequently dismiss ecosystem developments because they fail to trigger immediate price gains.

According to Stebbing, every announcement involving new Dogecoin features or utility improvements tends to attract the same responses from traders focused solely on price action.

“If you have ever read anything or listened to anything I’ve said in the last six years,…

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