Dogecoin News Update: Dogecoin ETFs Lag Behind, Quiet Whales Raise Investor Concerns

Dogecoin Whale Activity Drops Amid Market Uncertainty

Major Dogecoin holders, often called whales, have recently reduced their trading activity, leading to speculation about their next moves during a critical period for the popular memecoin.

According to insights from TradingView analyst Ali, whale transactions have fallen to their lowest point in two months. This slowdown comes as Dogecoin has been trading within a narrow range between $0.133 and $0.20 since mid-October, with the $0.20 mark proving to be a significant barrier. The lack of whale movement has prompted questions about whether these large investors are waiting for clearer market direction or anticipating further declines.

ETF Launches Fail to Ignite Dogecoin Rally

Recently, the introduction of the first U.S. spot Dogecoin ETFs did little to boost optimism. Grayscale's GDOG ETF, which launched on November 24, saw only $1.4 million in trading volume—far below the $11 million forecasted by Bloomberg analyst Eric Balchunas. Bitwise's BWOW ETF, which launched shortly after, also failed to generate strong interest. Analysts attribute this lukewarm response to a broader slowdown in the crypto market. While these ETFs were intended to bring more institutional investment into Dogecoin, their lackluster debut reflects fading enthusiasm for altcoins. This is in stark contrast to the strong demand that greeted Bitcoin and Ethereum ETFs earlier in 2025.

Technical Signals Suggest Possible Upside

Despite the disappointing ETF launches, technical analysis points to a potential recovery for Dogecoin.

The cryptocurrency is currently challenging a downward trendline near $0.156. If Dogecoin can break above this resistance, it may target the $0.181 level, which aligns with the 50-day exponential moving average. Analyst Clifton Fx suggests that if Dogecoin manages to break out of its falling wedge pattern on the 12-hour chart, the price could surge by 80–90%, potentially reaching $0.27–$0.28. However, skeptics warn that the continued lack of whale activity and insufficient buying momentum could limit any significant rally.

Broader ETF Trends Highlight Mixed Sentiment

The cautious mood in the market is further reflected in ETF flows for other cryptocurrencies. Solana ETFs, which had enjoyed 21 straight days of inflows, experienced their first outflow on November 26, with 21Shares' TSOL ETF losing $34 million in assets. In contrast, XRP ETFs have maintained consistent inflows, accumulating $643 million in net investments. These trends highlight the uneven pace of institutional adoption across different altcoins, with Dogecoin's meme-driven popularity not yet translating into strong investor demand.

Outlook: Waiting for Clearer Signals

Dogecoin's next moves depend on a complex mix of factors. While the launch of ETFs marks a regulatory achievement for memecoins, their disappointing performance indicates that institutional investors remain cautious. The inactivity among whales adds to the uncertainty, leaving analysts divided on whether this signals a temporary pause or a more bearish outlook. For now, the market seems to be in a holding pattern, awaiting decisive action from both large holders and broader market forces.