DOGE slips 0.1% amid Grayscale ETF anticipation and escalating Social Security controversy

Bloomberg – On November 19, 2025,

(DOGE) slipped by 0.1% to $0.15464, reflecting a 1.84% decrease over the last week and a 17% fall in the past month. Although a new ETF is on the horizon, the token continues to face downward pressure as doubts about its core fundamentals linger.

Grayscale Submits Dogecoin ETF Application, Starting 20-Day Review Period

Grayscale, a leading name in digital assets, has filed an updated application with regulators for a Dogecoin ETF, aiming for a launch on November 24, 2025. This submission starts a 20-day window during which the U.S. Securities and Exchange Commission (SEC) may raise objections. If the SEC does not object, the ETF is anticipated to begin trading as planned. This development is widely viewed as a significant test for the acceptance of meme coins in institutional finance.

Experts note that the ETF could inject much-needed liquidity and bolster investor trust in

, yet the coin’s recent price trends indicate that market confidence remains shaky. DOGE is currently trading below a vital support zone near $0.16, with the $0.159–0.16 range seen as pivotal for any potential rebound.

Social Security’s 'DOGE' Controversy Sparks Political and Institutional Debate

At the same time, the Department of Government Efficiency (DOGE)—a prominent initiative aimed at improving federal operations—faces intense examination after a whistleblower’s allegations. Jonathan Borges, previously the chief data officer at the Social Security Administration (SSA), reported that a live copy of the SSA’s entire database, containing sensitive personal data of all U.S. citizens with Social Security numbers, was uploaded to an unsecured cloud server.

If verified, this breach would expose a major weakness in the data systems of one of the nation’s most vital public agencies. Borges’ disclosures have fueled a wider discussion about the dangers of rapid, untested government reforms, especially those influenced by external parties.

DOGE, which was co-chaired by Elon Musk and other private sector leaders, has already been associated with significant staff cuts at the SSA—7,000 positions lost since the program began—along with procedural changes that have increased in-person visits to agency branches. Borges, now a candidate for the Maryland State Senate, has criticized the initiative as overly forceful and unsustainable in the long run.

Musk Returns to the White House Amid Political Shifts

Elon Musk, who previously led DOGE under the Trump administration, has recently made a return to the White House as relations with the former president have improved. His attendance at a state dinner for Saudi Crown Prince Mohammed bin Salman symbolized a reconciliation following a public dispute over policy, including Musk’s opposition to Trump’s expansive tax and spending measures.

Musk has since softened his public criticism and appears to have adjusted his stance on key policies from the Trump era. His renewed presence in Washington, alongside prominent figures such as Nvidia’s Jensen Huang, points to a possible change in political strategy and a redefined role in shaping U.S. technology and economic policy.

DOGE Price Forecast: Weakness Persists in a Sluggish Market

Even with the Grayscale Dogecoin ETF launch approaching, DOGE’s technical indicators remain negative. The coin has not managed to stay above the $0.1500 support, and further declines could see it drop toward $0.14, with the October 10 low of $0.10 serving as a key level to watch.

Analysts warn that the broader crypto market is still consolidating, with

struggling to hold above $90,000 and other alternative coins showing signs of fatigue. Ongoing institutional withdrawals continue to dampen sentiment, and the lack of strong macroeconomic drivers has kept investors cautious.

While some, such as Morgan Creek’s Mark Yusko, predict a less severe correction than in previous bear markets, most analysts agree that DOGE’s short-term direction will largely depend on the outcome of the Grayscale ETF and whether the coin can maintain key support levels.

Without significant positive catalysts, DOGE is likely to remain defensive, with the market closely monitoring both the ETF’s approval process and developments in the Social Security data breach case.