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CleanCore Solutions has accumulated over 710 million Dogecoin, worth $174 million, signaling growing institutional confidence despite DOGE’s recent volatility.
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Analysts maintain a short-term price target of $0.30, contingent on strong $0.25 support and renewed institutional inflows amid a shifting macroeconomic backdrop.
Dogecoin (DOGE) is once again making headlines, this time not because of its meme origins, but due to institutional accumulation from a New York Stock Exchange–listed company.
CleanCore Solutions, Inc. (NYSE American: ZONE) has revealed that it has added over 710 million Dogecoin to its corporate treasury, marking a bold step in digital asset diversification and reinforcing confidence in the token’s long-term potential.
The company’s holdings are now valued at approximately $173.9 million, with CleanCore targeting a total of 1 billion DOGE as part of a disciplined, phased acquisition plan.
The move follows a $175 million private placement earlier this year, funding what the company calls its “Dogecoin Treasury Initiative.” According to CEO Clayton Adams, the strategy “goes beyond a simple NAV play,” aligning with the Dogecoin Foundation’s broader goal of increasing utility and adoption of DOGE as a global digital currency.
To ensure transparency and regulatory compliance, CleanCore has partnered with Bitstamp by Robinhood as its designated trading venue, offering a secure and auditable framework for its token purchases.
This alliance with Bitstamp enhances the integrity of our treasury operations,
the company stated.
Despite this institutional endorsement, Dogecoin’s market performance has been choppy. The token dropped 8% on Tuesday, as whales unloaded near the $0.27 resistance level, triggering a sharp correction before buyers stepped back in at $0.25.
Trading volumes exceeded 1 billion tokens during the selloff, one of the most active sessions in recent weeks. Late-session whale accumulation, however, suggests a possible base forming around the $0.25 mark.
Technically, $0.25 remains a crucial structural support, while $0.27 continues to act as immediate resistance. Analysts now view $0.30 as a short-term upside target, contingent on macro stability and continued institutional inflows.
The broader setup shows a symmetrical triangle pattern, hinting at a potential breakout range between $0.30 and $0.47 once momentum resolves.
On the macro front, traders are watching global liquidity conditions closely. With 98% odds of monetary easing priced in by year-end, meme coins like DOGE, often seen as high-beta assets, tend to amplify broader market moves.
Continued ETF filings from firms such as Grayscale and Bitwise, coupled with growing DOGE mining investments, reinforce the narrative of institutional maturation in what was once a retail-driven market.
Following CleanCore’s announcement, the company’s stock fell 8.44% to $2.06, recovering slightly to $2.09 in after-hours trading. While investor sentiment toward crypto treasuries remains cautious, CleanCore’s DOGE accumulation underscores a larger shift, where publicly listed firms are no longer dismissing meme coins but positioning them as speculative assets with long-term strategic value.
For Dogecoin, holding above $0.25 could keep the bullish case intact. A clean break above $0.27 may open the door for a push toward the $0.30 psychological level, as both retail traders and institutions test whether DOGE’s bark can once again turn into a rallying roar.
