Dogecoin News Today: Elon Musk’s Lawyer Steers $200M Dogecoin Bet Amid Meme Coin Surge

Dogecoin, the meme coin that has captured the imagination of crypto enthusiasts since its creation in 2013, has shown renewed signs of activity in recent weeks. As of late August, Dogecoin (DOGE) closed at $0.21, having gained 10% for the month—outperforming Bitcoin’s 6% decline. This momentum was further reinforced by a 150% jump in trading volumes and a 119% increase in DOGE futures volumes to $5.36 billion, according to data from Coinglass. However, open interest in the derivatives market fell by 4.7% to $3.24 billion, indicating that traders are actively reshuffling positions rather than committing to long-term bullish or bearish bets.

Notably, the largest concentration of leveraged trading is clustered at $0.21, with bull traders placing $42 million in longs over the past week. Analysts have interpreted this as a critical support level, and a sustained hold above this price could provide the necessary momentum for a breakout. Prominent market analyst DogeLord has predicted that a "propulsion candle" could trigger a significant price rally in September, potentially pushing Dogecoin toward the $0.34 resistance zone and, eventually, toward prior all-time highs of around $2. This would represent an 850% gain from current levels. However, the downside risk remains a concern: failure to maintain the $0.21 support could see DOGE fall toward $0.17 and, eventually, $0.13, further delaying any bullish momentum.

In a move that signals growing institutional interest in Dogecoin, CleanCore Solutions, a Nebraska-based cleaning products firm, announced a nearly $200 million initiative to create what it called the “official” Dogecoin treasury. The company, which has partnered with the Dogecoin Foundation and the House of Doge, will use the proceeds from its private placement to acquire DOGE and contribute it to its treasury operations. The transaction involves a group of over 80 investors, including major crypto firms like Pantera, FalconX, and GSR. Notably, Alex Spiro, Elon Musk’s attorney, has been appointed as the chairman of CleanCore’s board of directors. Spiro has previously defended Musk in high-profile legal cases, including a defamation lawsuit.

CleanCore’s decision to invest in Dogecoin is part of a broader trend among publicly traded companies to hold digital assets as a strategic move. This strategy, first popularized by MicroStrategy in 2020, involves purchasing large quantities of crypto and listing it on the balance sheet as a reserve asset. By aligning with the Dogecoin Foundation and the House of Doge, CleanCore aims to build a precedent for how public companies can integrate digital currencies while honoring the grassroots nature of the community. However, the move also raises questions about the sustainability of using corporate treasuries to artificially prop up crypto prices, a concern shared by industry experts.

Meanwhile, the meme coin market is witnessing a new wave of excitement centered around Arctic Pablo Coin (APC). The project, currently in its 39th presale stage, has raised over $3.7 million, with a 300% token bonus currently in effect. At the current price of $0.00099 per APC, early investors are projected to see returns of 708% by the time the token is listed at $0.008. Analysts have estimated even higher potential returns, suggesting that APC could reach $0.10, offering a staggering 10,001% upside. The deflationary model, which includes weekly token burns, adds to the project’s appeal by reducing supply and increasing scarcity.

In contrast to Dogecoin’s traditional appeal, Arctic Pablo Coin offers a narrative-driven approach, featuring a character named Pablo on a mythical journey across frozen landscapes. This storytelling element, combined with high staking rewards and community-driven initiatives, positions APC as one of the most talked-about presales in the current crypto cycle. Investors are advised to act swiftly, as the presale is expected to close soon, and early-stage bonuses will no longer be available. The potential for high returns, coupled with the project’s unique market positioning, has made APC a compelling option for those seeking exposure to the next big meme coin.

Source: [1] Dogecoin Analyst Forecasts 850% Price Rally in September (https://finance.yahoo.com/news/dogecoin-analyst-forecasts-850-price-214254850.html) [2] Elon Musk's Go-to Lawyer Is Heading a Dogecoin Treasury (https://www.businessinsider.com/elon-musks-go-to-lawyer-alex-spiro-dogecoin-treasury-2025-9) [3] Elon Musk's lawyer Alex Spiro set to chair $200 million ... (https://fortune.com/crypto/2025/08/29/elon-musk-alex-spiro-dogecoin-house-of-doge-crypto-treasury-company/) [4] Best Crypto for 100x Returns: Arctic Pablo Coin, SPX6900 ... (https://crypto-economy.com/arctic-pablo-coin-presale-hits-3-7m-as-30k-turns-into-969696-best-crypto-presales-for-100x-returns-while-spx6900-and-cat-in-a-dogs-world-catch-fire/) [5] Arctic Pablo Presale Rockets $3.79M as Floki and Popcat ... (https://crypto-economy.com/binance-coin-rockets-to-850-as-arctic-pablo-coin-presale-ignites-300-bonus-with-floki-and-popcat-stay-hot/)