CleanCore Solutions (ZONE) Stock Plunges 21.28% to Record Low as Dogecoin Price Decline Impacts Holdings

The share price dropped to a record low today, with an intraday decline of 21.28%.

CleanCore Solutions (ZONE) has seen its stock fall for six consecutive days, with a cumulative loss of 65.82% since November 8. The plunge follows a 21% drop in Dogecoin’s (DOGE) price over the past month, which directly reduced the value of CleanCore’s $117.5 million DOGE holdings. The company’s aggressive shift toward a Dogecoin treasury strategy, including a $175 million private placement with House of Doge, has driven volatility. While Q1 2026 revenue doubled to $0.9 million, net losses ballooned to $13.4 million, largely from one-time expenses tied to the cryptocurrency pivot, including $8.6 million in administrative costs and $1.2 million in stock compensation. Investors remain skeptical about meme coin exposure, with shares hitting a 52-week low of $0.373 on November 13.

Market analysts highlight the stock’s sensitivity to DOGE’s price swings and broader crypto-market jitters. CleanCore’s leadership, however, emphasizes long-term goals, such as acquiring up to 5% of Dogecoin’s circulating supply and expanding its real-world utility in payments. Despite $12.9 million in cash reserves as of September 30, the company faces risks from regulatory uncertainty and DOGE’s inherent volatility. CEO Clayton Adams has defended the strategy as a “disciplined investment,” though net losses from the treasury initiative have overshadowed gains in its core aqueous ozone business. With DOGE trading at $0.16 as of November 13, CleanCore’s stock remains under pressure until the crypto market stabilizes or tangible use cases for Dogecoin materialize.