Dogecoin & Cryptos in November 2025: Meme Coin Mania or Market Correction?

2025 年 11 月的狗狗幣和加密貨幣：Meme 幣狂熱還是市場調整？

November 2025 was a wild ride for cryptos, especially Dogecoin. While some meme coins showed signs of life, the broader market faced a correction. Is Dogecoin ready for a comeback?

2025 年 11 月對於加密貨幣來說是一段瘋狂的旅程，尤其是狗狗幣。雖然一些模因幣顯示出生命跡象，但更廣泛的市場面臨調整。狗狗幣準備好捲土重來了嗎？

Dogecoin: Accumulation Phase or False Hope?

狗狗幣：積累階段還是虛假的希望？

Despite a price dip below $0.15, Dogecoin showed signs of entering an accumulation phase, with increased active addresses and whale activity. This suggests renewed demand and confidence, hinting at a potential market shift.

儘管價格跌破 0.15 美元，但狗狗幣顯示出進入積累階段的跡象，活躍地址和鯨魚活動有所增加。這表明需求和信心重新煥發，暗示著潛在的市場轉變。

According to Sina Estavi, CEO of Bridge AI, on-chain data indicates that DOGE is currently not in a "bubble phase" but shifting into "accumulation territory". Data from Ali Martinez shows a significant spike in active wallet addresses, marking the highest spike since September 2025, and whale investors acquired over 480 million DOGE.

Bridge AI 首席執行官 Sina Estavi 表示，鏈上數據表明 DOGE 目前並未處於“泡沫階段”，而是正在進入“積累階段”。 Ali Martinez 的數據顯示，活躍錢包地址大幅飆升，創下 2025 年 9 月以來的最高峰值，鯨魚投資者購買了超過 4.8 億個 DOGE。

Crypto Market Faces Headwinds

加密貨幣市場面臨阻力

While Dogecoin showed promise, the broader crypto market faced challenges in November. A prolonged U.S. government shutdown elevated market fear and slowed economic activity. Bitcoin and Ethereum both experienced significant declines.

儘管狗狗幣展現出希望，但更廣泛的加密市場在 11 月面臨挑戰。美國政府長期關門加劇了市場恐懼並減緩了經濟活動。比特幣和以太坊均經歷了大幅下跌。

Bitcoin's performance was weaker compared to the S&P 500, suggesting fading enthusiasm. Ethereum had its second-worst month in the past three years, struggling to define its position as an asset class.

與標準普爾 500 指數相比，比特幣的表現較弱，表明熱情正在消退。以太坊經歷了過去三年來第二糟糕的一個月，難以確定其作為資產類別的地位。

Meme Coin Mania: MoonBull and the Pack

Meme Coin Mania：MoonBull 和狼群

Amidst the market turbulence, meme coins like MoonBull ($MOBU) garnered attention with its presale model. Other established meme coins such as Pepe, Bonk, and Floki continued to move through fresh cycles, driven by community strength and social media buzz.

在市場動盪中，像 MoonBull ($MOBU) 這樣的模因幣以其預售模式引起了人們的關注。在社區力量和社交媒體熱度的推動下，Pepe、Bonk 和 Floki 等其他成熟的模因幣繼續經歷新的周期。

MoonBull's presale, currently in Stage 6, showed impressive ROI potential, attracting early investors. Its roadmap and focus on governance utility set it apart from other trend-driven meme cycles. Meanwhile, coins like Pepe, Bonk, and Floki maintained visibility through community engagement and market volatility.

MoonBull 的預售目前處於第六階段，顯示出令人印象深刻的投資回報潛力，吸引了早期投資者。它的路線圖和對治理效用的關注使其有別於其他趨勢驅動的模因週期。與此同時，Pepe、Bonk 和 Floki 等代幣通過社區參與和市場波動保持了知名度。

Prediction Markets: A Bright Spot

預測市場：一個亮點

Prediction markets emerged as a thriving sector in November, with Polymarket and Kalshi hitting new record highs in trading volume. These platforms are gaining traction as tools for real-time forecasting and market sentiment pricing.

預測市場在 11 月份成為一個蓬勃發展的領域，Polymarket 和 Kalshi 的交易量創下新高。這些平台作為實時預測和市場情緒定價的工具越來越受到關注。

Polymarket secured an Amended Order of Designation, allowing it to operate as a fully regulated U.S. exchange. Kalshi raised a significant investment round, signaling institutional conviction in the business model.

Polymarket 獲得了修訂後的指定令，使其能夠作為一家受到全面監管的美國交易所運營。 Kalshi 籌集了一輪重要投資，表明機構對這種商業模式的信心。

Final Thoughts: What's Next?

最後的想法：下一步是什麼？

November 2025 presented a mixed bag for cryptos. While Dogecoin showed resilience, the overall market faced challenges. Meme coins continued to generate excitement, and prediction markets emerged as a promising sector.

2025 年 11 月，加密貨幣出現了好壞參半的情況。雖然狗狗幣表現出韌性，但整體市場面臨挑戰。模因幣繼續引起人們的興奮，預測市場成為一個有前途的領域。

Will Dogecoin lead the meme coin revolution? Or will the market correction continue? Only time will tell. But one thing's for sure: the crypto world is never boring!

狗狗幣會引領模因幣革命嗎？或者說市場回調還會繼續嗎？只有時間才能證明一切。但有一件事是肯定的：加密世界永遠不會無聊！