Dogecoin price stalls as $175M treasury launch fails to spark momentum

CoinJournal
CoinJournal
DOGE+0.17%
BTC+0.02%
  • CleanCore and House of Doge have launched a $175M Dogecoin (DOGE) treasury.
  • ZONE stock has plunged nearly 60% as investors doubt the Dogeocin treasury move.
  • DOGE price is stuck near $0.21 with weak flows and muted whale activity.

Dogecoin (DOGE) is in the spotlight after CleanCore Solutions, a Nebraska-based manufacturer of aqueous ozone cleaning systems, and House of Doge, the commercial arm of the Dogecoin Foundation, unveiled a $175 million treasury designed to give the memecoin some institutional credibility.

Despite the bold move, the price of DOGE has barely budged, holding near the $0.21 level where it has traded for weeks.

This has left investors and traders weighing whether this new development will ignite lasting momentum or simply add to the long list of ambitious but underwhelming corporate pivots toward the meme-inspired token.

The $175M Dogecoin treasury by CleanCore Solutions

The treasury initiative was...

Show original
Visit source
2.47K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.