The Dogecoin price is once again in the spotlight, with the popular token showing strong upward momentum. Its price has risen sharply in a short period, supported by a mix of new institutional activity and fresh investor enthusiasm. At the same time, a company is building a large reserve of DOGE, demonstrating its trust in the long-term role of the cryptocurrency.
First U.S. Dogecoin ETF Sparks Market Excitement
In the past day alone, Dogecoin has gained around 14%, pushing its weekly rise to nearly 38%. This strong run has carried the price to about $0.2963, the highest level the coin has seen in eight months. The next test for traders is whether DOGE can reclaim the $0.30 mark, which the token last reached during the early-year bull frenzy.
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Much of the price momentum comes from the announcement of the first-ever Dogecoin exchange-traded fund in the United States. Bloomberg analyst Eric Balchunas announced that the Rex-Osprey Doge ETF, also known as DOJE, is set to debut. While the launch, initially scheduled for last Friday, Bloomberg analyst James Seyffart later explained that trading would begin the following week instead. Even with the slight delay, the confirmation from Rex Shares that the ETF is coming has been enough to push enthusiasm higher.
The new product is being rolled out under the Investment Company Act of 1940, showing that it is structured to meet strict U.S. regulatory standards. It also arrives at a time when more than 90 other crypto ETFs are waiting on SEC approval. For Dogecoin, the arrival of DOJE is a key moment because it opens the door for bigger investors and institutions to buy in through a regulated channel.
CleanCore Solutions Targets 1 Billion DOGE For Corporate Treasury
Alongside the excitement over ETFs, large corporate players are entering the Dogecoin space. CleanCore Solutions, a U.S.-listed company, recently announced that it has already secured more than 500 million DOGE. The company now plans to double this amount and hold 1 billion DOGE within the next month. Securing a substantial amount of DOGE for its own treasury would solidify Dogecoin as part of its long-term strategy.
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To make sure the holdings are stored securely, the company is working with Bitstamp for custody on behalf of Robinhood. CleanCore’s long-term target is to control up to 5% of Dogecoin’s total circulating supply, a move that would give DOGE a powerful corporate backer.
The entry of CleanCore, combined with the upcoming ETF launch, provides Dogecoin with both institutional credibility and retail excitement simultaneously. The latest developments could give the popular meme coin enough momentum to push even higher, with another double-digit gain possible before the end of the week.
Featured image from DALL.E, chart from TradingView.com
