Dogecoin Jumps as ETF Signals and Corporate Buying Fuel Breakout
A Bloomberg analyst signaled a near-term DOJE listing under a 1940 Act structure.
Overview
- DOGE trades around $0.24 with a market value above $36 billion after a daily triangle breakout that technical analysts say could point toward $0.29–$0.30.
- Spot turnover has climbed to roughly $2.5–$2.6 billion in 24 hours while futures open interest is reported above about $4.2 billion, highlighting heavier activity and leverage.
- Eric Balchunas of Bloomberg said Rex‑Osprey’s DOJE is slated for a U.S. launch under the Investment Company Act of 1940, a timeline that has not been confirmed by the issuer or regulators.
- Cleancore announced an initial $235 million allocation targeting up to 1 billion DOGE over 30 days, which coverage cites as a new corporate demand driver.
- On-chain watchers noted a previously dormant wallet moved more than 10 million DOGE off exchanges, as traders watch support near $0.23–$0.22 for signs of a sustained or failed breakout.