DOGE Turns Bullish: Fresh ETF Listing and Rising On-Chain Activity Triggers Dogecoin Breakout

The Solana price has been experiencing a significant decline since October, largely attributed to the actions of the meme coin launchpad Pump.fun, which has reportedly sold over $436 million in SOL. This cash-out has raised concerns about the stability of the Solana ecosystem as it coincides with a broader downturn in the cryptocurrency market.

The launch of the first Dogecoin ETF by Grayscale on November 24, 2025, has sparked speculation about a potential Shiba Inu ETF, given that Shiba Inu is the second-largest meme coin by market capitalization. This development highlights the growing interest in meme-based cryptocurrencies and their acceptance in mainstream finance.

Bitcoin has experienced a significant decline, falling over 30% in value, with recent trading pushing the price down to around $82,000. This sharp drop has caused panic among newer investors, while veteran holders remain largely unfazed, viewing such volatility as a normal aspect of Bitcoin's history.

Franklin Templeton has launched its XRP exchange-traded fund (ETF), XRPZ, on NYSE Arca, marking a significant step towards the mainstream acceptance of cryptocurrency assets. This move highlights the growing integration of on-chain settlement assets into traditional financial infrastructure, as XRP's payment narrative evolves through regulated ETFs.

Solana's price has approached $140, buoyed by strong ETF inflows and increased network revenue, indicating a renewed risk appetite in the cryptocurrency market. The cryptocurrency has shown resilience, trading in the high $130s with a market cap around $76 billion, suggesting significant liquidity from institutional investors.

Dogecoin has recently been caught in a significant Wyckoff Accumulation phase, which has contributed to its downward price trend following a peak in 2024. Analysts suggest that the cryptocurrency may be nearing the end of this accumulation phase, potentially setting the stage for a breakout.

Franklin Templeton has launched its XRP exchange-traded fund (ETF), the Franklin XRP Trust, on NYSE Arca, following Ripple's recent settlement with the SEC. This move provides U.S. investors with regulated access to XRP, marking a significant milestone in the cryptocurrency market.

Grayscale's spot DOGE ETF, trading under the ticker GDOG, launched on the NYSE with a disappointing first-day volume of $1.41 million, falling short of market expectations compared to other recent altcoin ETFs. This slow start raises concerns about investor interest in the product.