tl;dr
Dogecoin's price has surged nearly 20% this week to $0.25, the highest since mid-August, driven by institutional buying, a potential ETF debut, and a strategic partnership with CleanCore Solutions. CleanCore, listed as ZONE on NYSE American, has purchased over 500 million DOGE valued at $125 milli...
Dogecoin is riding a wave of momentum, with its price surging nearly 20% this week to around $0.25—the highest level since mid-August. While the meme coin still trails far behind its 2021 all-time high of $0.73, a confluence of factors is reigniting investor interest. Institutional buying, a potential ETF debut, and a strategic partnership are fueling speculation that Dogecoin could be on the cusp of a new chapter.
At the heart of the rally is CleanCore Solutions, a company listed on the NYSE American as ZONE. The firm recently announced two major purchases of Dogecoin, amassing over 500 million DOGE valued at more than $125 million. CleanCore’s move isn’t just a bet on price—it’s a calculated effort to position Dogecoin as a reserve asset. The company collaborates with the Dogecoin Foundation’s commercial arm, House of Doge, to expand the coin’s utility in payments, tokenization, and staking-like products. ZONE’s shares have climbed 6% this week alone, reflecting growing confidence in CleanCore’s crypto-focused strategy.
Meanwhile, the prospect of a U.S. exchange-traded fund (ETF) has become a hot topic. Rex-Osprey, an asset manager, plans to launch the fund under the ticker DOJE, giving traditional investors a direct way to track Dogecoin’s price. Bloomberg’s Eric Balchunas, a senior ETF analyst, called the fund “novel” for its lack of utility—a nod to Dogecoin’s origins as a joke coin. The ETF’s launch, initially delayed to September 12, has only heightened anticipation. Prediction markets now assign a 66.6% chance that Dogecoin will climb to $0.30 by the end of the year, up 15% from a week ago—a stark contrast to earlier skepticism.
Yet, the road ahead remains uncertain. Dogecoin’s current price is a fraction of its 2021 peak, and the success of the ETF and institutional buying will determine whether this rally is a fleeting surge or the start of a broader shift. For now, the coin’s unlikely journey—from a meme to a potential mainstream asset—continues to captivate, leaving investors to wonder: Is this the moment Dogecoin finally breaks free from its “joke” label?