Memecoin

Grayscale Investments will launch spot ETFs for Dogecoin and XRP on NYSE Arca on November 24, 2025, trading as GDOG and GXRP. The products convert existing private trusts into publicly traded funds, enabling retail and institutional investors to access both cryptocurrencies through traditional brokerage accounts. Regulatory filings with the US Securities and Exchange Commission confirm the listings.

The meme coin sector's market capitalization declined to $39.4 billion, down 66% from its January 5 peak of $116.7 billion. NFT valuations fell 43% over 30 days to $2.78 billion, the lowest level since April. Major tokens including Dogecoin, Shiba Inu, and Pepe recorded weekly losses exceeding 12%.

Dogecoin has retreated to the $0.15 support level, a threshold traders view as pivotal for determining the memecoin's near-term direction. The token dropped nearly 9% over seven days amid broader market volatility, with Bitcoin falling below $90,000. Technical indicators show DOGE consolidating above key Fibonacci support, though bearish momentum persists with RSI near 39.

PEPE has fallen below its weekly support at $0.0000059, now serving as resistance and triggering technical projections of a potential 60-70% decline. The token recorded nearly $1 billion in combined futures and spot trading volume within 24 hours, reflecting sustained market participation despite the bearish technical setup. Analysts identify a demand zone near $0.00000178 as a possible accumulation level.

Grayscale's application for a spot Dogecoin exchange-traded fund is set to receive automatic approval on November 24 unless the SEC intervenes during the 20-day review period. Bloomberg Senior ETF Analyst Eric Balchunas noted that Dogecoin qualifies under the SEC's Generic Listing Standards for crypto exchange-traded products. DOGE currently trades at $0.15, with technical analysis identifying support at $0.1550 aligned with a year-long descending triangle pattern.

XRP displayed a brief technical anomaly on Kraken Wednesday, momentarily spiking to $90 before returning to $2.13 within seconds. A wallet withdrew 272,556,924,649 SHIB tokens worth $2.38 million from Coinbase in a single transaction. Bitcoin maintained its position above the $87,600 monthly Bollinger Band midpoint, trading near $91,360.

Pump.fun launched Mayhem Mode as an optional feature deploying an AI agent to trade newly created tokens during their first 24 hours. Daily token launches averaged 17,800 after the feature's debut, compared to 17,300 in the preceding week. Platform revenue fell during the period despite the new mechanism.

Wallets tied to the collapsed Libra memecoin withdrew approximately $4 million from the project's liquidity pool and deployed $61.5 million into Solana, blockchain data show. The transfers occurred as fraud investigations and asset freezes continue in the United States and Argentina. During Libra's collapse earlier in 2025, at least eight insider wallets withdrew roughly $107 million in liquidity as the token's market capitalization dropped more than 94% from $4.5 billion to under $300 million within hours.

XRP is approaching a critical resistance level against Bitcoin that could trigger a significant breakout, according to trader DonAlt. Shiba Inu recorded a 207 billion token exchange outflow within 24 hours—one of the largest withdrawals in recent months. Despite the substantial movement, SHIB's price remained unchanged.

VanEck introduced its spot Solana exchange-traded fund under ticker VSOL on Monday, becoming the third such product in the U.S. market. The fund waives its 0.3% management fee until February 17 or until reaching $1 billion in assets. Grayscale's Dogecoin ETF is scheduled to begin trading on November 24, marking the first memecoin-focused ETF in the United States.