TLDR
- Nasdaq grants approval for 21Shares 2x Long Dogecoin ETF listing.
- Dogecoin price shows signs of recovery, supported by 27.4 billion DOGE accumulation.
- Dogecoin ETF listing comes as market shows renewed investor interest.
- Analysts predict DOGE price could approach $0.20 with strong support levels.
On November 18, 2025, the Nasdaq Stock Market received an application from Listed Funds Trust for the 21Shares 2x Long Dogecoin ETF. This application, filed on Form 8-A 12(b), was for the registration of the security.
The Exchange confirmed on the same day that it had approved the ETF for listing and registration, pending official notice of issuance. This approval marks a significant step forward in the cryptocurrency market, as Dogecoin has now been given a new platform for investors to gain exposure to its price movements.
The approval was confirmed in a letter from Eun Ah Choi, Senior Vice President and Global Head of Regulatory Operations at Nasdaq, to the U.S. Securities and Exchange Commission (SEC).
In the letter, it was specified that the 21Shares 2x Long Dogecoin ETF had been approved for listing on the Exchange. Nasdaq expressed support for the Registrant’s request for effectiveness under Form 8-A 12(b). This marks a notable development in the growing acceptance of cryptocurrency-backed ETFs, and the move could have implications for Dogecoin’s place within the broader financial ecosystem.
Dogecoin’s Recent Price Movements and Whale Activity
Despite ongoing selling pressure in the cryptocurrency market, Dogecoin’s price has shown signs of stabilization. As of the latest reports, Dogecoin’s price hovered above $0.15, showing a modest increase of 0.53% in the last 24 hours. This recovery follows a period of low volatility, which initially pointed to a bearish trend. However, this increase in price suggests a shift in sentiment, as larger market players and investors show renewed interest in Dogecoin.
Reports have also revealed that large investors, commonly known as “whales,” have been accumulating significant amounts of Dogecoin. Around 27.4 billion DOGE have been acquired at a price near $0.08. Glassnode, a blockchain data provider, noted that this accumulation pattern represents a strong support zone for the cryptocurrency, as wallets containing DOGE at the $0.079 to $0.082 range are at historically high levels. This accumulation, particularly in times of price corrections, suggests that large investors are positioning themselves for potential future gains.
Positive Signs of Market Stabilization for Dogecoin
The cryptocurrency market as a whole has shown signs of stabilization, and Dogecoin appears to be benefiting from this shift. Glassnode data shows that Dogecoin’s exchange supply has turned positive, marking a transition from a previous period of net outflows. This change in supply dynamics is often associated with price recoveries in the crypto market, as more coins move onto exchanges, indicating increased buying interest.
While major cryptocurrencies such as Bitcoin, Ethereum, and Solana have shown limited price movement recently, smaller altcoins such as CRO, STRK, and MYX have experienced notable gains. The rise in Dogecoin’s exchange supply, following a similar trend, has led analysts to predict a potential price rebound. The broader market sentiment remains positive, suggesting that Dogecoin’s price could continue its upward momentum if the accumulation trend persists.
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