- Thumzup Media invests $2 million in Dogecoin and plans 3,500 mining rigs.
- First U.S.-listed Dogecoin spot ETF launches, attracting fresh institutional interest.
- Technical breakout signals potential price targets of $0.45 to $0.60.
Dogecoin fans just got fresh fuel for their bullish fire. The beloved meme coin grabbed headlines after a double dose of corporate action and Wall Street attention. Price hovered near $0.2649 while traders tracked a flurry of major moves. Big money and new investment tools have turned a once-playful asset into a serious market contender. The energy in the market feels like a storm front rolling in, charged and ready to spark.
Corporate Dollars Spark a Powerful Charge
Thumzup Media Corporation ignited the rally with a bold purchase. The Nasdaq-listed company scooped up about 7.5 million Dogecoins worth roughly $2 million. The average buy price stood close to $0.2665. News of the purchase sent Thumzup stock higher in after-hours trading, a sign of rising investor excitement. This was not a one-off gamble.
Back in January, Thumzup created a crypto treasury with a $1 million Bitcoin stake. By July, leadership cleared a path to hold up to $250 million in digital assets. Thursday’s Dogecoin acquisition shows how serious the firm has become about expanding those holdings. Plans go beyond buying tokens. Thumzup intends to roll out 3,500 Dogecoin mining rigs before year’s end.
The equipment will come through the pending Dogehash acquisition. To guide strategy, the company added DogeOS CEO Jordan Jefferson and ecosystem head Alex Hoffman to a newly formed Crypto Advisory Board. Even Donald Trump Jr. appears linked to the momentum, holding 350,000 Thumzup shares based on advisor recommendations.
ETF Launch and Technical Breakout Fuel Optimism
The same day Thumzup announced its purchase, investors welcomed the first U.S.-listed Dogecoin spot ETF. The REX-Osprey DOGE ETF grants traditional market players a simple way to gain exposure. This launch opens the door for new institutional demand, feeding even more buying pressure.
Traders also see strength in the charts. Dogecoin recently broke from a multi-month symmetrical triangle. Trading volume during the breakout tripled compared to recent averages, a signal of intense interest. Analysts eye near-term price targets around $0.45, with potential for $0.60 if momentum continues.
Key support levels help protect the upside case. The 50-week exponential moving average sits near $0.227, while the 200-week EMA offers secondary backing around $0.215. Relative Strength Index readings remain below overheated territory. The MVRV Z-Score of 1.35 often marks the early stages of a rally.
Market watchers recall a similar setup in November 2024 that preceded a 230% surge. Current momentum shares striking similarities, making traders hungry for another explosive run. Dogecoin often behaves like a high-beta shadow of Bitcoin. When Bitcoin climbs, this coin tends to leap higher, magnifying gains and risk alike.
