Dogecoin has captured attention this week as corporate investment and institutional products converge to create fresh buying pressure. The meme coin traded around $0.2649 as market participants weighed new developments.
Thumzup Media Corporation announced Thursday its first open-market purchase of Dogecoin. The company bought approximately 7.5 million tokens valued at $2 million.
The purchase came at a weighted average price of $0.2665 per token. Thumzup stock moved higher in after-hours trading following the announcement.
The Nasdaq-listed firm previously launched its crypto treasury in January with a $1 million bitcoin investment. Company leadership authorized holdings up to $250 million worth of cryptocurrencies in July.
Thumzup plans to establish 3,500 Dogecoin mining rigs by year’s end through its pending Dogehash acquisition. The company also added DogeOS CEO Jordan Jefferson and ecosystem head Alex Hoffman to its Crypto Advisory Board.
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
Donald Trump Jr. holds 350,000 shares of Thumzup Media according to Bloomberg reporting. He acquired the stake based on investment advisor recommendations without other company involvement.
The timing aligns with Thursday’s launch of the REX-Osprey DOGE ETF. This marks the first U.S.-listed Dogecoin spot ETF available to investors.
Trading analysis reveals Dogecoin broke from a multi-month symmetrical triangle pattern. Volume during the breakout tripled compared to recent averages.
$DOGE looks good on all time frames, I think this is a good coin if $BTC moons today. Thinking about buying some here- big cap memes are always good bets for strong btc price action pic.twitter.com/wqWNvM7yyv
— Altcoin Sherpa (@AltcoinSherpa) September 17, 2025
Price targets include $0.45 in the near term based on technical patterns. A measured move calculation suggests potential for $0.60 if momentum sustains.
Key support levels provide downside protection at current levels. The 50-week exponential moving average sits around $0.227.
Below that threshold, the 200-week EMA near $0.215 offers secondary support. A break of these levels could shift the technical outlook.
The RSI indicator remains below overheated territory despite recent gains. The MVRV Z-Score reading of 1.35 historically marks launch points for rallies.
Market observers note similarities to November 2024 conditions that preceded a 230% price surge. Current momentum patterns share characteristics with that earlier period.
Traders view Dogecoin as a high-beta play relative to Bitcoin performance. Strong Bitcoin price action typically amplifies gains in large-cap meme coins.
The combination of corporate treasury adoption and ETF accessibility creates new demand sources. Institutional interest may develop as traditional finance embraces cryptocurrency exposure.
Thumzup Media’s $50 million stock offering in August at $10 per share provides capital for expanded crypto operations.
The post Dogecoin (DOGE) Price: Corporate Adoption and ETF Launch Drive Bullish Momentum appeared first on CoinCentral.
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