Dogecoin News Today: Dogecoin ETFs Underperform, Whale Silence Sparks Market Doubt

Dogecoin whales have abruptly gone silent, sparking speculation about their intentions amid a pivotal moment for the memecoin. Blockchain analytics firm TradingView reports that large holders-commonly referred to as whales-have seen their activity drop to a two-month low, according to analyst Ali. This decline coincides with Dogecoin's consolidation within a $0.133–$0.20 range since mid-October, with the $0.20 level acting as a formidable resistance. The muted activity raises questions about whether whales are biding their time for market clarity or bracing for further price weakness.

The recent launch of the first U.S. spot Dogecoin ETFs has failed to reignite bullish momentum. Grayscale's GDOG ETF debuted on November 24 with a mere $1.4 million in volume, far below Bloomberg analyst Eric Balchunas' $11 million projection. Bitwise's BWOW ETF, which followed days later, similarly underperformed, with analysts attributing the tepid response to a broader market slowdown. While these products aim to institutionalize DOGE, the ETFs' muted launch highlights waning enthusiasm in altcoins. This contrasts sharply with the explosive demand seen for Bitcoin and Ethereum ETFs earlier in 2025.

Despite the ETFs' struggles, technical indicators suggest potential for a rebound. Dogecoin is currently testing a descending trendline resistance near $0.156, with a break above this level potentially targeting $0.181-a key threshold supported by the 50-day EMA. Analyst Clifton Fx posits that a breakout from the falling wedge pattern on the 12-hour chart could trigger an 80–90% rally, pushing the price toward $0.27–$0.28. However, bears caution that weak whale activity and a lack of sustained buying pressure may hinder such a move.

The market's cautious stance is further underscored by broader ETF trends. Solana ETFs, which previously enjoyed 21 consecutive days of inflows, recorded their first outflow on November 26, with 21Shares' TSOL ETF losing $34 million in assets. Meanwhile, XRP ETFs have maintained a perfect inflow streak, reaching $643 million in cumulative net inflows. This divergence underscores the uneven institutional adoption of altcoins, with DOGE's unique meme-driven appeal failing to translate into immediate demand.

Dogecoin's future trajectory hinges on a delicate balance of factors. While the ETF launches represent a regulatory milestone for memecoins, their underwhelming performance suggests that institutional investors remain hesitant. Whale inactivity adds another layer of uncertainty, with analysts debating whether it signals a strategic pause or a bearish outlook. For now, the market appears to be in a holding pattern, waiting for clearer signals from both large holders and broader market dynamics.