- Dogecoin exchange-traded fund expected on November 24.
- LIBRA rallies after the team bought Solana tokens.
- Shibarium transactions surge 78%, reflecting renewed user activity.
Cryptocurrencies are showing bearish pressure today as Bitcoin slides further below $90,000, with many altcoins signaling continued weakness.
This article highlights meme tokens drawing attention in the market, focusing on Dogecoin, LIBRA, and Shiba Inu.
DOGE ETF from Grayscale Approaching Launch
The original meme cryptocurrency remains in the spotlight as anticipation grows around a Dogecoin exchange-traded fund.
Bloomberg ETF analyst Eric Balchunas has predicted the product could launch on November 24, citing SEC guidance. He said:
I’m confident Grayscale will release the first Doge ETF within a week, 11/24. We’ll see—nothing is 100% until the exchange notice—but based on SEC guidance, it looks promising.
Approval would represent a breakthrough for Dogecoin and the broader meme market.
While meme assets frequently drive wider crypto interest, they face growing criticism for being driven by hype rather than intrinsic value.
An approved Dogecoin ETF would increase visibility and lend credibility to the digital token, while regulated use cases could support steadier growth for DOGE.
The community expects Grayscale’s Dogecoin ETF to launch soon.
Altcoin ETFs have gained momentum since the wave that began with Solana, Litecoin, and Hedera on October 28, making approval increasingly likely.
DOGE is trading at $0.1585 after declines of 1.20% and 10% over the past 24 hours and week, respectively.
LIBRA Surges 100%
While broader market weakness weighs on cryptocurrencies, LIBRA has broken away with an explosive 103% spike.
It is one of only a few tokens showing gains today.
The sharp meme token jump followed revelations that the LIBRA team purchased Solana.
According to blockchain investigator Lookonchain, they spent 61.59 million USDC to buy 456,393 SOL.
The accumulation signals confidence in Solana’s outlook after the altcoin fell nearly 15% the prior week.
However, the LIBRA rally may not be organic: a 60% drop in 24-hour trading volume suggests the surge could be short-lived.
The themed token could give back gains in upcoming sessions unless trading activity returns strongly amid broader positive sentiment.
Shibarium Transactions Jump 78%
Shiba Inu’s Layer-2 scaling solution Shibarium has seen a notable uptick in transactions, indicating renewed user engagement.
Data from Shibariumscan shows daily transactions rose from 2.43k on November 16 to 4.33k within 24 hours—an increase of about 78%.
The increase follows a period of subdued activity earlier in the month, when daily transactions fell to 1,500 on November 5—a drop of 88% from late-October highs.
Although the Layer-2 network has registered a significant recovery in activity, the Shiba Inu token price continues to struggle.
SHIB has lost 10% of its value over the past seven days and is trading at $0.000008856.
The altcoin remained relatively flat over the last 24 hours, down 0.95%.
Trading volume rose 17% during that period, signaling renewed trader interest.
Still, broader market sentiment continues to shape meme token performance.
Sell pressure dominates the crypto landscape as “Extreme Fear” grips markets.
Nevertheless, Tom Lee of Fundstrat has projected the market could reach a bottom as soon as this week.