Memecoin

Memecoin POPCAT fell 43% on Wednesday after a trader executed a manipulation scheme on Hyperliquid, a decentralized exchange. An unknown actor withdrew $3 million USDC from OKX, distributed funds across 19 wallets, and built long positions worth $20 million to $30 million on POPCAT. The trader then abruptly removed a $30 million buy wall, triggering mass liquidations totaling approximately $63 million.

Canary Capital submitted an S-1 registration with the U.S. Securities and Exchange Commission on Wednesday, seeking approval for an exchange-traded fund tied to MOG Coin, according to the filing. The submission represents the investment firm's first attempt to launch a fund tracking a memecoin. The ETF may hold up to 5% in Ether to cover transaction costs on the Ethereum network.

Decentralized exchange Hyperliquid halted deposits and withdrawals on November 12, 2025, after a trader's leveraged positions on memecoin POPCAT triggered approximately $25 million in liquidations across 19 wallets. The platform's liquidity vault absorbed roughly $5 million in bad debt. The incident marked the second major manipulation event on the exchange in 2025.

Argentine federal authorities have frozen over $507,000 in assets as part of an investigation into the LIBRA meme coin scandal. The probe examines alleged connections between the token's collapse and individuals linked to President Javier Milei. Investigators estimate investor losses between $100 million and $120 million.

Large Dogecoin holders have sold over 3 billion DOGE tokens worth approximately $520 million in the past 30 days, on-chain data show. The selloff occurred as DOGE's price dropped from $0.30 in September to $0.17, marking a nearly 43% decline. Wallets holding between 10 million and 100 million DOGE distributed the tokens during October's volatile market conditions.

Bitwise Asset Management submitted an updated S-1 registration for a spot Dogecoin ETF, triggering a 20-day automatic approval countdown. The filing could become effective by November 26, 2025 unless the SEC intervenes, according to Bloomberg ETF analyst Eric Balchunas. Technical analysts project DOGE could target $1.20 if key resistance at $0.186 breaks.

Bitwise has submitted an amended S-1 filing for a spot Dogecoin ETF that could become effective by late November, according to Bloomberg ETF analyst Eric Balchunas. Technical analysts have identified a multi-year triangle pattern with a potential price target near $1.20. The TD Sequential indicator has issued a buy signal near $0.16, suggesting a possible local bottom.

Dogecoin is trading near the critical $0.15 support level following a 12.9% weekly decline. Despite current market weakness, multiple analysts predict a significant rebound with price targets reaching $0.48 by early next year, contingent on key technical levels holding. The token faces intensified selling pressure amid elevated long position liquidations and declining futures open interest.

Crypto analyst VisionPulsed said Dogecoin has only weeks remaining to initiate a meaningful advance, with November serving as the critical decision point. The analyst tied DOGE's trajectory to Bitcoin holding above $103,000–$104,000 on a weekly close. Failure to reclaim this zone would confirm bear-market conditions and open downside risk toward $0.05–$0.06, according to VisionPulsed.

The Official Trump coin jumped 11.8% to $7.88 after President Donald Trump announced plans to make the United States the Bitcoin superpower and crypto capital of the world. The token outperformed the broader crypto market, which fell 1.3%, with daily trading volume surpassing $1 billion on major exchanges. Technical analysts identified a breakout from a falling wedge pattern, while on-chain data showed whale wallets accumulated $91 million in net inflows over three days.