Dogecoin has been on investors’ radar recently, amid key developments like the DOGE ETF launch and DOGE treasury. On-chain data shows that the retail and whale activity around the largest meme coin has picked up pace in recent weeks. Furthermore, CleanCore Solutions kickstarted its treasury plan, with its stock surging 62% on Monday, September 8.
Retail FOMO to Kick-In Soon With Dogecoin ETF Launch
With the Rex-Osprey DOGE ETF, all set to go live this week, retail and institutional demand for the meme coin could surge again. The launch of this ETF will allow investors to gain exposure to Dogecoin, without directly owning the coin. Following the development, the DOGE price surged nearly 10% from its weekly lows of $0.205.
Blockchain analytics firm Santiment reported that the current DOGE price movement is more expectation-driven, surrounding the spot ETF, instead of fundamentals. They noted that traders are waiting on the sidelines, for the official launch of the ETF. It added that once the launch of confirmed, retail and institutional players together can push the demand.
Furthermore, Santiment noted a strong pick up in whale activity wallets holding between 1 million and 10 million DOGE, aggressively increasing their holdings since August 25. The firm noted that accumulation accelerated as prospects for a potential Dogecoin ETF gained traction. These wallets now collectively hold 10.91 billion DOGE, or 7.23% of the total supply, thereby taking it to a four-year high.
DOGE Price Eyes Strong Upside Amid ETF Plans
With the Polymarket data showing a massive 92% chance of Dogecoin ETF approval, DOGE price has gained strength, thereby taking the price above $0.24. Currently, the meme coin is trading closer to the top of the channel, and the breakout above $0.242 could lead to further upside.
Dogecoin $DOGE targets the top of the channel at $0.242! pic.twitter.com/E5SUfj5a33
— Ali (@ali_charts) September 9, 2025
On the other hand, public-listed firm CleanCore Solutions (NYSE: ZONE) kick-started its $175 million DOGE treasury plan on Monday, September 8. Yesterday, the firm purchased 285.42 million DOGE, valued at $68 million, as part of its newly launched treasury strategy. The company said it plans to accumulate 1 billion DOGE within 30 days and is targeting ownership of 5% of the meme coin’s circulating supply over the long term. Following the announcement, the ZONE stock shot 62% in after-hours on Monday.
On the technical chart, DOGE price is forming a bull-flag pattern. With the breakout candle popping out of the flag, the meme coin is now targeting a rally to $0.43, noted popular crypto analyst Trader Tardigrade.
Bhushan Akolkar
Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets.
He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.
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