Dogecoin Surges 4.578% as Thumzup Media Acquires 7.5 Million Tokens

Dogecoin's latest price was $0.2822, up 4.578% in the last 24 hours. Thumzup Media Corporation announced its first open-market acquisition of Dogecoin, purchasing approximately 7.5 million tokens. The company plans to set up 3,500 Dogecoin mining rigs by the end of the year through its pending acquisition of mining firm Dogehash. Additionally, Thumzup Media has strengthened its leadership team by appointing Jordan Jefferson, CEO of DogeOS and MyDoge Leader, and Alex Hoffman, head of ecosystem at DogeOS, to its Crypto Advisory Board. This expansion follows the company’s offering of $50 million of common stock in August. Thumzup Media launched its crypto treasury in January with a $1 million investment in bitcoin and revealed in July that its board authorized the company to hold up to $250 million worth of cryptocurrencies. It was also revealed that Donald Trump Jr. holds 350,000 shares of the company, acquired on the advice of an investment advisor.

With the first DOGE ETF set to begin trading, market sentiment around Dogecoin is expected to turn bullish. Defi Edward highlighted that Dogecoin reported a significant surge in comparison to the broader market over the past week. Technicals suggest the rally may extend further, with the breakout from a multi-month symmetrical triangle, backed by tripled trading volumes, pointing toward upside targets. The key support lies at the 50-week EMA, with a drop below risking a retest of the 200-week EMA. With the RSI still below overheated levels and the MVRV Z-Score at just 1.35, conditions resemble last November's 230% surge. If support holds, DOGE appears well-positioned for a continued run, leaving open the question of whether this momentum can fuel another full cycle. Altcoin Sherpa explained that DOGE is a momentum and liquidity-driven beta play, and if Bitcoin rips higher, large-cap meme coins like Dogecoin tend to see amplified upside. He cautioned, however, that losing key support could quickly flip the bullish setup. Adding fuel, the first U.S.-listed Dogecoin spot ETF, the REX-Osprey DOGE ETF, launches, potentially boosting institutional and retail interest.

Leading meme coin Dogecoin has struggled to gain momentum despite excitement surrounding the anticipated launch of a US-listed Dogecoin ETF. On-chain data reveals a decline in whale participation and a general uptick in coin selloffs across exchanges, hinting at the possibility of a deeper price pullback in the coming days. The market is anticipating the launch of Rex-Osprey’s Dogecoin ETF, which is expected to give traditional investors direct exposure to Dogecoin’s price movements. However, DOGE’s price performance has remained muted ahead of the milestone, signaling a lack of enthusiasm from traders. Large investors, with wallets containing DOGE coins worth more than $1 million, appear unconvinced by the ETF narrative and have reduced their holdings by over 4% in the past week. When large holders reduce their accumulation, it signals a bearish shift in market sentiment. This reduced DOGE demand from significant players can lead to decreased buying pressure, potentially resulting in price stagnation or declines in the near term. Furthermore, DOGE’s exchange reserve has risen steadily in the past week, suggesting that more traders are transferring DOGE to exchanges with the intent to sell. A rising exchange balance indicates that holders are moving their assets to trading platforms to sell rather than to hold. This influx of coins onto exchanges increases the available supply in the market, which can put downward pressure on DOGE’s price if demand does not keep pace. While the ETF launch may still provide a catalyst, current on-chain readings suggest that traders are preparing for further weakness rather than a breakout rally. If this plays out, the meme coin’s price could attempt to breach the support floor formed at $0.2583. A breach of this level could lead to a further drop toward $0.2018. However, an uptick in new demand for DOGE would invalidate this bearish outlook. The bulls could trigger a spike above $0.2980 if they regain dominance.

CleanCore Solutions confirmed its reserves have now surpassed 600 million DOGE, worth more than $160 million. The firm has been steadily accumulating since early September, when its treasury program began, and says it intends to reach one billion tokens in the near term. Long-term, the target is even more ambitious: controlling up to 5% of Dogecoin’s total supply. Chief Investment Officer Marco Margiotta described the move as part of a strategy to position DOGE as a reserve asset while also supporting payment and remittance use cases. This large-scale accumulation has coincided with steady price gains. Since CleanCore’s initiative began, DOGE has climbed from roughly $0.24 into the $0.27–$0.30 zone, holding firm despite reports of whales selling hundreds of millions of coins last week. On the technical side, analysts such as Trader Tardigrade highlight a bull flag pattern that could set the stage for a run toward $0.43. Other commentators argue that $1 remains a key “magnet” level for this cycle, particularly with institutional demand on the rise. Excitement is also building around the upcoming Rex-Osprey DOGE ETF, now expected to launch, which could provide a new channel for mainstream exposure. Meanwhile, the ecosystem continues to expand. DOGE OS recently partnered with Thumbs Up Media Corporation, with its CEO joining TZUP’s advisory board — a move aimed at boosting real-world applications for mined Dogecoin. With treasury builds, new financial products, and a growing developer base all converging, the meme coin appears to be entering a fresh phase of institutional and retail interest.