🚀 Latest Polkadot ($DOT) Update
Current Approximate Price: $3.10 – $3.24 USD
24-Hour Change: +8.59% to +20.96% (This sharp increase indicates a significant surge in buying activity overnight/this morning).
Context: DOT is aggressively reversing its recent bearish trend, which saw the price dip to its lowest levels in years just last week.
📰 The Core Driver: SEC ETF Decision
The massive price movement appears to be directly linked to a critical, time-sensitive event:
The SEC's decision on the Grayscale Polkadot (DOT) ETF application is reportedly expected today, November 8, 2025.
Impact: The market is pricing in a possibility of approval (or positive news), which would unlock significant institutional capital flow into the asset, mirroring the excitement seen in the Bitcoin ETF space.
💡 Other Key Developments
Supply Cap Approved: The community recently voted to cap DOT's maximum supply at 2.1 billion tokens, reducing long-term inflation and adding a scarcity narrative (similar to Bitcoin's halving).
Major Tech Upgrades: The successful on-chain Asset Hub Migration was confirmed earlier this week, proving the network's stability and ability to upgrade flawlessly. Further large-scale upgrades like "Polkadot 2.0" (Elastic Scaling, JAM) are planned for late 2025, aiming for massive scalability.
In summary: Polkadot is experiencing extremely high volatility and upward pressure today, driven by the immediate anticipation of the SEC's ETF decision. $DOT
