Crypto:
36635
Bitcoin:
$92.393
% 1.02
BTC Dominance:
%58.7
% 0.13
Market Cap:
$3.14 T
% 1.16
Fear & Greed:
28 / 100
Bitcoin:
$ 92.393
BTC Dominance:
% 58.7
Market Cap:
$3.14 T

Why Is Everyone Buying Dogecoin? Here Are the 3 Key Drivers

dogecoin doge

Dogecoin price climbed nearly 20% this week, driven by major treasury purchases and the upcoming launch of the first U.S. Dogecoin ETF. 

Doge has outperformed top cryptocurrencies like Bitcoin and Ethereum, surging almost 20% in the past week to $0.2543. This marks its highest price since August 13, according to CoinGecko. Meanwhile, most other coins in the top 10 recorded smaller gains, making DOGE one of the strongest altcoin movers in recent days. 

However, Dogecoin still trades far below its 2021 all-time high above $0.73. Analysts say the lack of large-scale treasury purchases and ETF inflows has kept DOGE from reaching new records. That dynamic is now starting to shift. 

CleanCore Solutions Accumulates 500M DOGE 

On Monday, CleanCore Solutions, the first publicly traded Dogecoin treasury (NYSE American: ZONE), announced its debut DOGE purchase. By Thursday, it revealed another major buy, bringing its total holdings to over 500 million DOGE—worth more than $125 million. 

  • Monday: first DOGE acquisition announced 
  • Thursday: second purchase revealed 
  • Total holdings surpass 500M DOGE 

The company, established with the support of House of Doge, calls itself the “official Dogecoin treasury.” CleanCore CIO and House of Doge CEO Marco Margiotta said their vision is to position DOGE as a reserve asset while expanding its use in payments, tokenization, staking-like products, and global remittances. 

ZONE shares have risen 6% this week and are up more than 200% since January. 

First U.S. Dogecoin ETF Set to Debut 

The rally also comes ahead of the highly anticipated launch of the Rex-Osprey Dogecoin ETF, trading under the ticker DOJE. The fund is scheduled to begin trading Friday after a short delay. 

Bloomberg ETF analyst Eric Balchunas noted this is the first-ever U.S. ETF designed around an asset “with no utility on purpose,” highlighting its unique place in the crypto market. 

Investors Grow More Bullish on DOGE 

Prediction market Myriad shows rising optimism among traders. Participants now assign a 66.6% probability that Dogecoin will climb to $0.30 rather than fall to $0.15. That confidence has grown by 15% over the past week as DOGE’s price momentum accelerated. 

Dogecoin’s surge is being fueled by a powerful combination of corporate treasury backing and the introduction of new institutional products like ETFs, sparking renewed investor interest. 

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