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Reading: DOGE Department Closed, Dogecoin Rises: What’s Happening?
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EdaFace Newsfeed > Latest News > Altcoin News > DOGE Department Closed, Dogecoin Rises: What’s Happening?
Altcoin News

DOGE Department Closed, Dogecoin Rises: What’s Happening?

vitalclick
Last updated: November 24, 2025 8:09 am
15 hours ago
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Contents
Grayscale’s DOGE ETF Injects Hope into the MarketWhile the DOGE Department was Closing, “Cats” Finished the Race Ahead

dogecoin $0.146942 had a strong start to the week. DOGE, which reached $ 0.145 with an increase of more than 3 percent in the first trading hours of the first day of the week, came to the fore with the expectation that Grayscale’s new DOGE ETF will soon start trading on NYSE Arca. This mobility is Bitcoin $86,950.13 and Ethereum $2,837.99It took place at a time when ‘s was falling by approximately 9-10 percent on a weekly basis. The market’s focus is on both the ETF impact and the ability of Dogecoin to maintain its momentum despite the closure of Elon Musk’s DOGE division.

Grayscale’s DOGE ETF Injects Hope into the Market

Grayscale‘s DOGE ETF will be listed on NYSE Arca under the ticker symbol GDOG, marking a major milestone in the spot DOGE ETF wave. BitwiseIt is reported that it is waiting for a 20-day approval process for a similar product. Like this memecoin For the first time in the market, two major fund managers will compete for the same asset.

With these developments, DOGE is trading around $ 0.145. Analysts state that although the focus of corporate investment instruments on the memecoin segment may create fluctuations in short-term price movements, it strengthens the perception of legitimacy in the long term.

ETF launches are reshaping demand dynamics, especially for community-backed assets like DOGE. A noticeable recovery in volumes is expected as institutional investor interest increases. However, technical indicators are still weak and warnings are being made that large investor sales may put pressure on the price.



While the DOGE Department was Closing, “Cats” Finished the Race Ahead

On the other hand, after Elon Musk’s disagreement with the Trump administration white houseDepartment of Government Efficiency (DOGE) eight months early terminated. Although the silent closure of the department caused the DOGE name to be brought to the agenda again, this time the price reaction was due to ETF expectations. Traditionally, prices move when Musk’s name is mentioned, but this time, the ETF effect was decisive in the rise of DOGE.

However, the real winners in the memecoin market were cat-themed projects. CryptoAppsy According to data, the total market value of cat-themed coins increased by 4.2 percent, while the increase in dog-themed coins remained at 4 percent. This indicates that investor interest may shift to a different trend.

Disclaimer: The information contained in this content is not investment advice. Please note that cryptocurrencies involve high volatility and therefore risk. It is recommended that you make your investment decisions based on your own research and risk assessments. You can review our Trust Center page for detailed information.

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