DOGE Beats the Blue Chips as D.O.G.E Calls it Quits

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email DOGE Beats the Blue Chips as D.O.G.E Calls it Quits DOGE – the memecoin – edged past the CoinDesk 20 and the CoinDesk memecoin index as the White House announced Elon Musk's government efficiency initiative is to shutter. By Sam Reynolds | Edited by Omkar Godbole Nov 24, 2025, 5:31 a.m. What to know : Dogecoin rose over 3% as traders anticipated the launch of Grayscale's DOGE coin ETF. Grayscale's DOGE ETF, trading under the ticker $GDOG, is set to begin trading on NYSE Arca. Cat-themed memecoins outperformed dog-themed coins, with a 4.2% market cap increase compared to 4% for dog-themed coins. DOGE $ 0.1485 looked past the demise of Elon Musk's D.O.G.E. department, as it climbed Monday in Asian markets, driven by renewed optimism sparked by Grayscale’s forthcoming introduction of a DOGE coin ETF. Loading... STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . CoinDesk market data shows that DOGE was trading around $0.145 on Monday, with a daily gain of over 3%, outpacing the roughly 0.6% rise in the CoinDesk 20 Index (CD20) and the CoinDesk Memecoin Index. (CoinDesk) DOGE is rallying into a wave of newly approved spot ETFs, with Grayscale’s GDOG set to begin trading and Bitwise’s rival DOGE product potentially going live under the 20-day 8(a) window, creating a rare bullish catalyst even as whale selling and weak technicals keep near-term price action fragile. At the same time, BTC and ETH remain sharply lower on a weekly basis with declines of about 9% and 10% while most large cap tokens continue to lag. While DOGE’s gains are easily attributable to the upcoming ETF launch, typically the token also moves when it finds itself in the headlines – usually from an Elon Musk mention. The White House confirmed that the Department of Government Efficiency has effectively dissolved eight months ahead of schedule after Elon Musk’s split with President Trump triggered infighting and a quiet transfer of its functions to traditional agencies. But, despite the usual D.O.G.E-mention, DOGE gain flywheel effect, it's actually cat-themed tokens that have edged ahead. CoinGecko data shows felines were the actual winner, with the category of cat-themed memecoins growing its market cap by 4.2%, while dog-themed coins are up by 4%. DOGE Elon Musk More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. View Full Report More For You ETF Outflows, Stablecoin Flows and DAT Reversals Signal Crypto Capital Flight: NYDIG By Francisco Rodrigues | Edited by Aoyon Ashraf 8 hours ago Spot bitcoin ETFs have seen persistent outflows ($3.55 billion in November), and stablecoin supply has declined, indicating capital is leaving the market, NYDIG Said. What to know : Bitcoin's price drop is driven by market mechanics, not sentiment, according to NYDIG's Greg Cipolaro, with key demand sources reversing. Spot bitcoin ETFs have seen persistent outflows ($3.55 billion in November) and stablecoin supply has declined, indicating capital is leaving the market. Cipolaro warns of a potentially volatile near-term environment, but maintains a long-term bullish thesis, advising investors to be prepared for a bumpy ride. Read full story Latest Crypto News ETF Outflows, Stablecoin Flows and DAT Reversals Signal Crypto Capital Flight: NYDIG 8 hours ago State of Crypto: What Congress Has Left to Do This Year 10 hours ago Sunrise Debut Streamlines Solana Token Imports as Monad Goes Live 14 hours ago Bitcoin Rebounds From 'Extreme Oversold' Levels; XRP Jumps 7%, ZEC Surges 14% 15 hours ago Could Stablecoins Spark a New Contagion? 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