What is Fueling Dogecoin (DOGE) Price Upside This Week? Read Here!

Key Takeaways:

1. Dogecoin (DOGE) rose 22% this week, outperforming Bitcoin (BTC) and Ethereum (ETH), reaching $0.2621, its highest level since mid-August.
2. CleanCore Solutions (ZONE) became the first publicly traded Dogecoin treasury, accumulating more than 500 million DOGE, valued at approximately $125 million.
3. Despite the progress, DOGE is more than 70% below its 2021 ATH of $0.73.

Dogecoin (DOGE) surged by approximately 20% this week, outpacing Bitcoin (BTC) and Ethereum (ETH), led by catalysts such as the anticipation of ETF approvals and inclusion of Dogecoin in corporate treasuries. According to the time of reporting, DOGE trades around $0.2621 at the highest level since mid-August, according to CoinGecko.

Dogecoin $125 Million Treasury Accumulation

CleanCore Solutions (ZONE), the first publicly traded Dogecoin treasury, reported its first DOGE acquisition on Monday, followed by another later that week. The firm now owns over 500 million DOGE, worth more than $125 million, making it a major corporate holder of the asset.

The core business of the company is simplifying cleaning by employing a single solution to replace numerous traditional cleaners, reducing maintenance and chemical costs.

CleanCore, in collaboration with the House of Doge, wants to promote DOGE as a “premier reserve asset” by expanding its use in payments, tokenization, and remittances. ZONE’s stock has also surged, up 6% this week and more than 160% in the last year.

DOGE ETF Launch Imminent

Further buzz surrounds the Rex-Osprey Dogecoin ETF (ticker: DOJE), which was scheduled to launch in the United States on Friday, September 12th, but will get further delayed with a potential listing set for next week on Thursday, 18th September. Bloomberg analyst Eric Balchunas stated that it will be the first U.S. ETF based on an asset with “no utility on purpose”, a throwback to Dogecoin’s parody origins.

The ETF, although structured differently from BTC and ETH products, will provide traditional investors with DOGE exposure without requiring them to own it directly. This change might free up billions of dollars in liquidity for the coin if acceptance develops.

Market Sentiment Turns Bullish

DOGE’s gain also reflects increased confidence among ordinary investors. Prediction market Myriad data shows a 66.6% possibility that DOGE would grow toward $0.30 rather than collapse to $0.15, indicating a bullish mood.

While DOGE is still over 70% below its all-time high of $0.73 achieved in 2021, the combination of treasury purchases and ETF clearance could signal a turning point for the asset. Whether these trends maintain long-term momentum has to be seen, but Dogecoin has firmly reentered the spotlight.