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- Thumzup Media invested $2M in Dogecoin and plans mining expansion.
- First U.S.-listed Dogecoin spot ETF opens doors for institutions.
- Technical breakout suggests upside toward $0.45–$0.60.
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Dogecoin is once again in the spotlight after a wave of corporate investment and Wall Street interest pushed the meme coin toward new momentum. Trading near $0.2649, DOGE is drawing attention from both retail fans and institutional players, setting the stage for a potential breakout.
Thumzup Media Corporation is significantly increasing its focus on Dogecoin, most recently acquiring 7.5 million Doge for $2 million after plans were announced to acquire DogeHash, a Dogecoin mining operation with 2,500 rigs. pic.twitter.com/UtJiPJm8vq
— KrissPax (@krisspax) September 18, 2025
Thumzup Media Makes a Bold Bet
Thumzup Media Corporation, a Nasdaq-listed company, shocked markets with a $2 million Dogecoin purchase at an average price of $0.2665. The move follows its earlier $1 million Bitcoin stake and broader plan to hold up to $250 million in crypto.
Thumzup isn’t stopping at buying tokens. The company intends to deploy 3,500 Dogecoin mining rigs by year’s end through its pending Dogehash acquisition. To guide strategy, it has formed a Crypto Advisory Board, bringing in DogeOS executives Jordan Jefferson and Alex Hoffman. Adding intrigue, Donald Trump Jr. reportedly owns 350,000 Thumzup shares—another sign of growing high-profile involvement.
First U.S. Dogecoin ETF Hits the Market
Coinciding with Thumzup’s move, the first U.S.-listed Dogecoin spot ETF launched, giving traditional investors an easier path to DOGE exposure. Analysts see this as a key step toward deeper institutional adoption, potentially driving steady inflows into the asset.
Technicals Suggest Room to Run
Dogecoin recently broke free from a multi-month symmetrical triangle, with trading volume tripling during the move. Analysts are now eyeing upside targets at $0.45 and even $0.60 if momentum continues. Support remains strong near the 50-week EMA at $0.227 and the 200-week EMA at $0.215.
Also Read: Dogecoin (DOGE) Price Analysis: Short-Term Correction Could Fuel Long-Term Rally Toward $1
Market sentiment echoes late 2024, when a similar setup preceded a 230% surge. With Bitcoin showing strength, traders expect Dogecoin could once again magnify gains in the weeks ahead.
Dogecoin’s mix of corporate backing, ETF approval, and bullish chart patterns is creating a storm of optimism. Whether it leads to another explosive rally depends on broader crypto market conditions, but the pieces are in place for DOGE to surprise once again.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
