Let's see, my crypto people! What kind of move is a public company that is worth gold making and is now putting all its power into Dogecoin? 🧐 The hook of this news is in the $10 million!
Hold on tight, because this is not the typical memecoin news that goes up and down with a tweet. Here, there is real money, the kind that is traded on the stock market, and it is making very serious moves.
It turns out that Thumzup Media, a company listed on Nasdaq, has just announced a share buyback program for $10 million dollars. 🤯 Why is this a big deal? Because when a company buys back its own shares, it is the clearest signal that its own management believes the market is undervaluing it. In plain language, they are saying: "This stock is worth much more than you think, so we bought it cheap."
The twist is in Dogecoin. This same company is the one that recently bought DogeHash Technologies, a DOGE mining operation that, keep an eye on this, will have 3,500 platforms running before the year ends. Additionally, they already have about 7.5 million DOGE (besides Bitcoin) in their treasury, valued at nearly $1.7 million.
How does this affect us, the average people? 🚀
This is proof that "smart money"—the institutional money, the one that plays in the big leagues—is seeing Dogecoin not just as a joke, but as a productive long-term asset.
Real Impact: When companies with backing (like Thumzup) invest heavily in mining a coin, they provide a solid foundation and legitimacy that a normal memecoin lacks. This adds more fuel to the fire of serious adoption and raises expectations that DOGE will soar.
The Chart Play: The technical prediction says that Dogecoin is touching a key support, the famous 200-day EMA (Exponential Moving Average). If buyers manage to defend this critical zone (i.e., if it doesn't drop further), we could see a jump towards the $0.29 or even a serious climb that could take it to $0.40 as the first major target. And if things accelerate with this type of institutional news, some are already dreaming of $1.
This confidence from companies, combined with the recent launch of the REX-Osprey Dogecoin ETF (an investment fund that makes DOGE accessible to more large investors), is preparing the stage for the "little dog" to show what it's made of in this cycle.
Moral: Dogecoin is shedding the simple meme label and dressing up as an institutional asset. We need to closely follow these movements because the backing of the "big players" could change the game for all of us holding DOGE in our wallets. Could this be the institutional push we needed for the little dog to finally fly to the moon? 🌕$DOGE
