Solana Nears $140 As Crypto Rotates Back to Risk: Could Maxi Doge Run Next?

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.

SGX has successfully launched Bitcoin and Ethereum perpetual futures, achieving a notable trading volume of $35 million on their debut. This marks a significant entry into the cryptocurrency derivatives market, reflecting growing interest from investors in these digital assets.

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.

The DeFi Development Corp has become the first Solana treasury to endorse SIMD-0411, a proposal aimed at accelerating emissions cuts amidst a significant 30% decline in Solana's price. This decision reflects the urgent need for strategic adjustments as corporate holders face financial losses.

VanEck has amended its filing for a BNB ETF, eliminating all staking plans, which marks a significant shift from its previous strategy that included staking features similar to its Solana ETF. This decision comes amid increasing regulatory scrutiny and uncertainty in the cryptocurrency market.

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.

MSCI has initiated a consultation that could lead to the exclusion of companies holding 50% or more of their balance sheet in Bitcoin or other digital assets from its global equity indexes. This move has raised concerns about forced selling risks, particularly for Strategy ($MSTR), which is heavily leveraged in Bitcoin investments. The market reacted negatively, exacerbated by a bearish note from JPMorgan.