TURBO Crypto Blasts 50%, WOJAK Mounts Breakout: Meme Coin Recovery Shows No Sign of Slowing Down

The launch of Grayscale's spot Dogecoin ETF on November 24, 2025, was met with disappointing trading volumes, reaching approximately $1.4 million on its first day, significantly lower than analysts' expectations. This muted response reflects a lack of enthusiasm in the market despite the anticipation surrounding the first-ever Dogecoin ETF.

The Ghana Gold Board is advocating for the adoption of blockchain technology to enhance the tracking of gold movements globally. This initiative aims to improve transparency and efficiency in the gold supply chain, reflecting a growing interest in integrating blockchain within traditional industries.

India is currently reviewing its Virtual Digital Assets (VDA) framework to enhance investor protections and align local regulations with global standards. This review is part of a broader effort to reinforce the digital asset infrastructure in the country without implementing sweeping changes.

Solana's price momentum is compressing as it approaches two critical decision points, indicating a significant period ahead for the cryptocurrency. Analysts suggest that SOL has completed its upward wave, signaling a potential deeper corrective phase, with targets set between $49.26 and $32.03 based on Fibonacci retracement levels.

Arthur Hayes, co-founder of BitMEX, has stated that most Layer 1 (L1) cryptocurrencies outside of Ethereum and Solana are likely to decline significantly, potentially heading towards zero. This assertion highlights concerns about the sustainability and viability of numerous blockchain projects in the current market landscape.

Solana spot ETFs saw a recovery with $5.37 million in net inflows on November 28, ending a 21-day losing streak, despite the SOL price dropping below $140 to $137 amid broader market weakness. Grayscale's GSOL led the inflows, indicating renewed interest in Solana-based investments.

CoinShares has decided to withdraw its applications for multiple cryptocurrency exchange-traded funds (ETFs) with the United States Securities and Exchange Commission (SEC), including those for Solana and XRP. This strategic shift reflects the firm's reassessment of the saturated US crypto ETF market amid ongoing regulatory challenges.

The cryptocurrency market remains stable as Bitcoin (BTC USD) holds steady around $90,000 and Ethereum (ETH USD) shows gradual upward movement following a chaotic data center outage in Chicago that briefly disrupted global trading. This calmness in the market is notable given the recent volatility experienced in the crypto space.