Dogecoin Soars as CleanCore Unveils Massive $710M Treasury Reserve
Meme coin defies gravity with explosive rally
The Treasury Revelation
CleanCore's bombshell disclosure of a $710 million war chest sent shockwaves through crypto markets. That's not pocket change—even by crypto standards where billion-dollar valuations sometimes feel like they're built on hopes and memes.
Market Impact
DOGE price action went vertical as traders digested the treasury news. The revelation suggests serious financial backing beyond the typical meme coin narrative, though let's be real—in crypto, sometimes the line between solid fundamentals and speculative mania gets blurrier than a drunk trader's vision at 3 AM.
Institutional Implications
A $710 million treasury positions CleanCore among the better-funded projects in the space. That kind of reserve could fund development for years or weather multiple crypto winters—assuming they don't pull a classic crypto move and 'reallocate' funds to some questionable 'ecosystem growth' initiative.
Because nothing says financial responsibility like pouring millions into another NFT project while the original roadmap gathers dust.
CleanCore works with House of Doge
Clayton Adams also claimed that the firm’s strategy has support from Dogecoin insiders and the House of Doge. He emphasized that these insiders are focused on utility for DOGE, with the goal of helping bring long-term price stability and value to the token.
Friends, family, and the House of Doge currently hold a significant portion of the shares filed for registration, which are currently restricted and/or locked-up,” Adams stated. “Our approach goes beyond a simple NAV play. We are working closely with House of Doge to jointly advance the dogecoin ecosystem through professional treasury governance, building the foundation for future yield-bearing opportunities, and supporting the long-term stability and utility of DOGE.”
To continue its Dogecoin accumulation, the firm received backing from Bitstamp, owned by Robinhood. CleanCore also secured a $175 million private placement on Sept. 5.
