TL;DR

• DOGE is down

• SHIB is down

• Solana Revenue Drops 93% Due To Memecoin

• Trump Memecoin Generates $350M

• Solana ETF Prospects Grow

• NY Bill Targets Memecoin Fraud

• Coinbase to Halt Meme Coin Trading in New York

• Argentine Lawyer Seeks Interpol Warrant for LIBRA Creator

Dogecoin Price

Crypto is down this week, with DOGE down 21.0% and SHIB down 10.2%:

Weekly Analysis

This weekly analysis is majorly on the top two MEME coin

Dogecoin (DOGE) has shown resilience amid market fluctuations, with recent developments fueling speculation about its price trajectory. The potential approval of a Bitwise Dogecoin ETF in 2025, along with significant whale accumulation, has created a bullish outlook for the meme coin.

The U.S. Securities and Exchange Commission (SEC) is reviewing an application for a Bitwise Dogecoin ETF, which could trigger increased investment and trading activity. The probability of approval by the end of 2025 has risen to 70%, reflecting growing market confidence. If approved, DOGE could experience substantial upward momentum.

Whale activity has intensified, with large holders accumulating 1.7 billion DOGE ($298 million) in 72 hours. This accumulation occurred as Dogecoin's price dropped from $0.22 to $0.16, suggesting confidence in a price recovery. Analyst Lumen noted that if DOGE reclaims $0.20 before the ETF approval, it could rally to $0.50 due to increased liquidity from institutional investors.

Subscribe to Premium to read the rest.