{"id":394278,"date":"2025-09-03T10:11:10","date_gmt":"2025-09-03T10:11:10","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/394278\/"},"modified":"2025-09-03T10:11:10","modified_gmt":"2025-09-03T10:11:10","slug":"elon-musks-lawyer-part-of-175-mln-dogecoin-treasury-but-its-not-helping-doge","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/394278\/","title":{"rendered":"Elon Musk’s lawyer part of $175 mln Dogecoin treasury – But it’s not helping DOGE"},"content":{"rendered":"

\t\t\t\t\t\t\t\tKey Takeaways<\/strong><\/p>\n

Dogecoin treasury is heating up as CleanCore made a $175 million move into DOGE. However, its stock has tanked 60%. Is this a bold pivot or a costly gamble?<\/p>\n

No doubt about it, Dogecoin [DOGE]<\/a>, with a $32 billion market cap, still sits in the top 10 crypto assets and leads the memecoin pack, even amid a flood of copycats. <\/p>\n

Its resilience has kept it relevant despite constant rivals. And now it looks like that resilience is finally paying off. <\/p>\n

DOGE secured its first corporate Dogecoin treasury. CleanCore Solutions [NYSE: ZONE] announced a $175,000,420 private placement to fund the first official Dogecoin Treasury. <\/p>\n

And yet, the market\u2019s reaction remained bearish rather than euphoric.<\/p>\n

First public company to establish a Dogecoin treasury<\/strong><\/p>\n

A treasury this big usually turns heads. For DOGE, it\u2019s unprecedented.<\/p>\n

For starters, CleanCore<\/a> is rolling out the Dogecoin treasury in partnership with House of DOGE and the Dogecoin Foundation, bringing heavyweight backing.<\/p>\n

Key players? <\/p>\n

Elon Musk\u2019s lawyer Alex Spiro as Chair, Timothy Stebbing from the Dogecoin Foundation on the board, and Marco Margiotta as CIO.<\/p>\n

\"ZONE\"<\/a><\/p>\n

Source: TradingView (ZONE\/USDT)<\/p>\n

Plus, the $175 million funding came via a PIPE offering of pre-funded warrants backed by 80+ institutional investors, including Pantera, GSR, and FalconX.<\/p>\n

And yet, the market stayed bearish.\u00a0<\/p>\n

On the NYSE, CleanCore Solutions [ZONE] pulled back over 60% after a 42% weekly surge to an all-time high of $7, which was its biggest weekly rally in nearly three months.\u00a0<\/p>\n

Why does it matter? <\/p>\n

This retracement isn\u2019t just a \u201cdip.\u201d In reality, it signals the market is sizing up the Dogecoin treasury hype versus risk. <\/p>\n

As per AMBCrypto, it could be a key factor shaping DOGE\u2019s long-term trajectory.<\/p>\n

Memecoin volatility sparks market scrutiny<\/strong><\/p>\n

Yet again, DOGE\u2019s speculative positioning has moved against it.<\/p>\n

The sell-off after CleanCore Solutions\u2019 move shows the market is still wary of DOGE\u2019s memecoin<\/a> volatility.<\/p>\n

This skepticism also explains why regulators have yet to approve a DOGE ETF,<\/a> deepening doubts about the Treasury bet.<\/p>\n

But does this skepticism hold up? Looking at the charts, it\u2019s been four years since DOGE tested $0.73, keeping $1 out of play. <\/p>\n

Even on shorter timeframes, similar resistance and retrace patterns have emerged.<\/p>\n

\"Dogecoin<\/a><\/p>\n

Source: TradingView (DOGE\/USDT)<\/p>\n

DOGE closed August up 1.89%, hinting at a consolidation phase.<\/p>\n

Bullishly, a rebound could be brewing. However, since the mid-July $0.25 peak, it has been printing three lower highs, showing persistent resistance overhead. <\/p>\n

Until it breaks above, the recovery setup isn\u2019t confirmed.<\/p>\n

In this scenario, CleanCore could scoop up 810 million DOGE<\/a>. Still, with memecoin volatility in play, ZONE faces major downside risk, making its Dogecoin treasury a high-stakes bet that\u2019s keeping the market cautious.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\tNext: Decoding BNB\u2019s \u2018cup & handle\u2019 breakout \u2013 Is $1,300 in sight?<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Key Takeaways Dogecoin treasury is heating up as CleanCore made a $175 million move into DOGE. However, its…\n","protected":false},"author":2,"featured_media":394279,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[52,51,16,15],"class_list":{"0":"post-394278","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-business","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115139830432005407","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/394278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=394278"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/394278\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/394279"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=394278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=394278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=394278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}