- Dogecoin‘s price climbed almost 20% over the past week, reaching its highest level since mid-August.
- CleanCore Solutions, a publicly traded treasury, purchased over $125 million worth of DOGE this week.
- Rex-Osprey plans to launch the first Dogecoin ETF in the United States on Friday.
- Dogecoin outperformed all other top 10 cryptocurrencies, though it remains below its 2021 peak.
- Analysis shows rising optimism for Dogecoin, with prediction markets projecting a 66.6% chance of a move to $0.30.
Dogecoin rose nearly 20% this week, making it the strongest performer among leading cryptocurrencies. The price reached $0.2543, its highest point since August, as traders responded to large-scale Dogecoin purchases and the upcoming launch of a new investment product in the United States.
CleanCore Solutions—trading under the ticker ZONE on the NYSE American—announced purchases totaling more than $125 million in Dogecoin, accumulating over 500 million DOGE. The treasury established its Dogecoin holdings in cooperation with the House of Doge, positioning itself as an official Dogecoin treasury.
“Crossing the 500 million DOGE threshold demonstrates the speed and scale at which ZONE is executing its treasury strategy,” said CleanCore CIO and House of Doge CEO Marco Margiotta. “Our vision is to establish Dogecoin as a premier reserve asset while supporting its broader utility across payments, tokenization, staking-like products, and global remittances.” ZONE’s stock rose approximately 6% this week and has increased over 200% since the start of the year.
In another development, Rex-Osprey is set to launch the first Dogecoin exchange-traded fund (ETF) in the U.S. on Friday using the ticker DOJE, after a short delay. While this ETF will list through a different approval process than other popular crypto ETFs, analysts say the product will give traditional investors an entry point to the leading meme coin. Bloomberg Senior ETF Analyst Eric Balchunas commented, “Pretty sure this is first-ever U.S. ETF to hold something that has no utility on purpose.”
Top 10 cryptocurrencies—except for stablecoins—have each reached record highs in the last year. Dogecoin remains below its peak price of $0.73 from 2021 but is showing signs of renewed interest. Users on prediction market platform Myriad now project a 66.6% probability that Dogecoin will move up to $0.30, reflecting growing bullish sentiment as DOGE’s price trend continues. Further details can be found on CoinGecko and other industry trackers.
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