๐ Cleancore Solutions Buys $68 Million DOGE! What Does It Mean?
Just now, Cleancore Solutions announced the purchase of 285 million DOGE (worth $68 million) as part of their treasury strategy.
The company aims for a holding of 1 billion DOGE within 30 days and 5% of the total DOGE supply in the long term.
๐ What can we learn?
1. DOGE is leveling up โ From just a meme coin, it is now starting to be viewed as a strategic asset by major companies.
2. Treasury diversification โ If previously major companies preferred BTC or ETH, this move shows that DOGE could be an alternative reserve.
3. Market impact โ Large-scale accumulation can reduce supply in the market, which has the potential to drive prices up in the long term.
๐ก My opinion:
This move is similar to the early days when MicroStrategy began accumulating Bitcoin.
If this trend continues, DOGE could gain new status in the corporate world โ not just a โmeme currency,โ but also a treasury asset that is seriously considered.
However, retail investors still need to be wise: short-term price movements can be very volatile, especially since DOGE is still heavily influenced by community sentiment.