Dogecoin jumped almost 20% over the past week, outpacing larger tokens as a pair of industry catalysts pushed the meme coin to its highest level in nearly a month.
As of the latest CoinGecko data, DOGE traded near $0.2543, a weekly gain of roughly 20% and the strongest price since August 13. No top-10 crypto (excluding stablecoins) posted a bigger weekly advance.
Two developments are cited as the main drivers. First, CleanCore Solutions (NYSE American: ZONE) — described as the first publicly traded Dogecoin treasury — disclosed purchases this week that bring its holdings to more than 500 million DOGE, worth north of $125 million. CleanCore set up the treasury with the Dogecoin Foundation’s commercial arm, House of Doge, and said it plans to build Dogecoin use cases across payments, tokenization and remittances.
Second, a spot Dogecoin ETF from Rex-Osprey, to trade under the ticker DOJE, is set to begin trading in the U.S. on Friday after a one-day delay. While the listing route differs from many spot Bitcoin and Ethereum ETFs, analysts expect the product to give traditional investors an easier on-ramp to the original meme coin.
Market sentiment has turned more favorable: prediction-market users at Myriad currently place a ~66.6% probability on DOGE rising to $0.30 rather than falling to $0.15, a view that has firmed as prices climbed. Bloomberg ETF analyst Eric Balchunas noted the novelty of a U.S. ETF holding an asset that “has no utility on purpose.”
Why this matters: public treasuries and exchange-listed funds can create sustained demand, narrowing the gap between meme coins and more institutionally supported assets. If treasuries continue to accumulate and ETFs attract capital, Dogecoin could see more consistent inflows than past sentiment-driven bumps provided.
Risk awareness: short-term rallies in smaller-cap tokens are often volatile and driven by headlines and sentiment rather than fundamentals. This article is not investment advice — consider volatility, liquidity and your risk tolerance before allocating funds.
Source: Decrypt. Read the original coverage for full details.