The Dogecoin exchange-traded fund is scheduled to launch on November 24th. When the team buys Solana Dip, Libra is disconnected. Shibarium transactions surged 78%, reflecting new user activity.
Cryptocurrencies showed weakness today as Bitcoin fell further below $90,000 and altcoins signaled further declines.
In this article, we will focus on the hottest tokens in the meme token world, specifically Dogecoin, Libra, and Shiba Inu.
Grayscale’s DOGE ETF is nearing launch
The original meme cryptocurrency continues to capture the attention of the crypto community as the debate surrounding Grayscale’s anticipated Dogecoin exchange-traded fund mounts.
Bloomberg ETF analyst Eric Balchunas, citing SEC guidance, expects the product to launch on November 24th. he said:
I believe Grayscale will launch the first Doge ETF one week later on 11/24. It won’t be 100% until the exchange notice, but it looks good based on SEC guidance.
Based on the 20th clock, I believe Grayscale will issue its first Doge ETF within a week on November 24th. It won’t be 100% until the exchange notice, but it looks good based on SEC guidance. pic.twitter.com/mvlGsNyNVG
— Eric Balchunas (@EricBalchunas) November 17, 2025
Approval would be a milestone for Dogecoin and the meme market as a whole.
While these assets often drive the broader cryptocurrency industry, they have faced growing criticism for riding on hype without having any intrinsic value.
Dogecoin ETF increases the visibility and credibility of digital tokens.
Additionally, regulated use cases will foster stable growth for DOGE.
The community is hopeful that Grayscale’s Dogecoin exchange-traded fund will launch soon.
Altcoin ETFs have been gaining momentum since Solana, Litecoin, and Hedera made waves on October 28th, and approval is now all but certain.
DOGE is trading at $0.1585 after falling 1.20% and 10% over the past 24 hours and week, respectively.
Libra surges 100%
While the bears disrupted the entire crypto market, LIBRA broke away with an explosive 103% surge.
This is one of the few tokens that is profitable today.
This meme surge came after the revelation that the LIBRA team had acquired Solana.
According to blockchain research firm Lookonchain, they spent 61.59 million USDC to purchase 456,393 SOLs.
The accumulation showed confidence in Solana’s performance after the alternative fell nearly 15% in the previous week.
Therefore, the rise in LIBRA is not natural, and the 60% drop in 24-hour trading volume may prove it.
Thematic tokens are likely to erase their gains in the coming sessions unless trading activity resumes amid improving broad sentiment.
Shibarium transactions increased by 78%
Shiba Inu’s L2 scaling solution Shibarium has recently seen an increase in transactions, showing new signs of user activity.
According to data from SybariumScan, daily transactions on the platform increased from 2.43,000 on November 16 to 4,33,000 within 24 hours, which is an increase of around 78%.
This comes after Shibarium’s activity declined early last month, with 24-hour transactions dropping to 1,500 on November 5th, an 88% drop from the October 24th peak.
While Layer 2 has recorded a notable recovery, Shiba Inu prices continue to underperform.
SHIB has lost 10% of its value over the past 7 days and is currently trading at $0.000008856.
Over the past 24 hours, alt has been relatively stable, down 0.95%.
Trading volume has increased by 17% in that period, demonstrating traders’ interest.
Meanwhile, broader sentiment continues to influence the performance of memetic cryptography.
“Extreme fear” dominated the market, and selling pressure dominated the crypto market.
Still, Fundstrat’s Tom Lee expects the market to bottom out as soon as this week.
