What is the current price of Dogecoin (DOGE)?

What is the daily trading volume of Dogecoin (DOGE)?

What is the market cap of Dogecoin (DOGE)?

What is the circulating supply of Dogecoin (DOGE)?

What is the fully-diluted market cap (FDV) of Dogecoin (DOGE)?

Dogecoin (DOGE) Crypto Price, Chart, News and AI analysis

Sep 13 2025, 16:14

Meme Coins Surge Amid Broad Crypto Volatility as MYX Finance Plummets 25% Following Airdrop Allegations

Meme coins PEPE, DOGE, and SHIB posted double-digit gains while MYX Finance dropped 25.08% amid allegations of an airdrop scandal, reflecting a volatile market day. Executive Summary Amid a volatile cryptocurrency market, meme coins PEPE, DOGE, and SHIB recorded double-digit price increases, while MYX Finance experienced a 25.08% decline following allegations of an airdrop scandal. This divergence highlights a prevailing "risk-on" sentiment in specific altcoin segments concurrent with significant negative events impacting other projects. The Event in Detail PEPE surged 18% in 24 hours, reaching a price of $0.00001236. Its market capitalization expanded to $5.2 billion, and daily trading volumes increased by 187% to $1.65 billion. Dogecoin (DOGE) recorded a 10% gain, breaking key resistance levels to trade at $0.29. Shiba Inu (SHIB) also saw an 8.86% increase. These movements contributed to the Altcoin Season Index reaching 71/100, alongside Bitcoin dominance sliding to 56.55%, indicating a rotation of capital into high-beta tokens such as meme coins. The broader cryptocurrency market observed an overall liquidity improvement, with total market capitalization increasing by 2.09% in 24 hours, and derivatives open interest climbing to $926 billion. Conversely, MYX Finance (MYX) experienced a 25.08% price decline in 24 hours, with its price falling to $12.67. This downturn coincided with allegations from blockchain analytics firm Bubblemaps, which claimed the project's core team was directly connected to wallets that siphoned $170 million worth of MYX tokens from a recent airdrop. Bubblemaps described this alleged activity as "the biggest airdrop Sybil of all time." Prior to this drop, MYX had seen a 914.93% price increase over the preceding seven days, achieving a fully diluted valuation of $17 billion within 48 hours of its launch. Market Implications The strong performance of meme coins like PEPE and DOGE suggests a robust speculative interest and community-driven momentum within this segment of the cryptocurrency market. Technical analysis on PEPE/USDT indicated a "strong buy" signal across major moving averages, with the Relative Strength Index (RSI) at 68, suggesting strong momentum without being overbought. Analysts, including popular trader Ali, noted PEPE's consolidation within a symmetrical triangle pattern, projecting a potential 111% upside towards $0.000026 based on historical breakout patterns. DOGE's technical indicators, including an RSI of 73.58 and bullish divergence on the MACD, further supported its upward trajectory. The significant price decline of MYX Finance following the airdrop scandal highlights the inherent risks in nascent projects and the potential for market manipulation or governance failures in decentralized finance. Such incidents can erode investor confidence, particularly in newly launched tokens and airdrop distribution models, potentially leading to increased scrutiny and demand for greater transparency in tokenomics and team wallet disclosures. Broader Context The distinct performance of meme coins in 2025 underscores their evolving role as a unique asset class. While still largely speculative and sentiment-driven, some projects are exploring hybrid models that integrate utility beyond pure meme culture. However, the market remains susceptible to rapid shifts in sentiment and regulatory scrutiny. The MYX Finance situation serves as a cautionary example of the vulnerabilities within the Web3 ecosystem, particularly concerning the integrity of token distributions and the impact of alleged misconduct on investor trust and asset valuations. This event, coupled with the speculative rally in meme coins, indicates a complex and bifurcated market environment where capital flows are influenced by both fundamental concerns and community-driven narratives.

Sep 13 2025, 05:46

Hunan Police Dismantle RMB 170 Million Crypto Money Laundering Ring

Hunan police dismantled a 170 million RMB USDT money laundering operation, arresting 15 individuals, underscoring heightened regulatory enforcement in China's crypto sector. The Event in Detail Authorities in Hunan, China, have successfully dismantled a large-scale cryptocurrency money laundering operation, apprehending 15 suspects involved in processing approximately 170 million RMB (approximately $23.3 million USD) in illicit funds. The criminal enterprise, which had been active since July 2024 and spanned over 20 provinces, utilized USDT (Tether) to facilitate money laundering for offshore online gambling and telecom fraud. The group illegally profited by more than 1 million RMB. Operating under the guise of "blockchain OTC (Over-The-Counter) traders," the syndicate attracted individuals, referred to as "card farmers," by offering a premium of 0.8 RMB above the market price for each USDT exchanged. These "card farmers" provided their bank accounts for the transfer of illicit funds, effectively creating a four-tier money laundering network. Deconstructing the Financial Mechanics The operation leveraged USDT's characteristics—value stability, high liquidity, and ease of cross-border transfer, particularly on the TRC20 network—making it a preferred tool for illicit financial flows. The primary channels for laundering involved OTC transactions and "running points" platforms, which obscure the origin and destination of funds. The strategy of offering above-market prices for USDT effectively incentivized a network of intermediaries to provide bank accounts for the final leg of the money laundering process. Chinese legal frameworks, including Article 191 (money laundering crime), Article 312 (concealment of criminal proceeds), and Article 287 (aiding information network criminal activities) of the Criminal Law, define and address such activities. Recent judicial interpretations, notably those effective August 2025, have further clarified the scope of "other methods" for concealing criminal proceeds to include virtual currency transactions. The determination of "subjective awareness" on the part of participants, a critical element for conviction, is also detailed in these interpretations. Law enforcement's success in unraveling this scheme was due to a robust multi-stream evidence framework. This framework integrated transaction data, internal company documents, and bank-level cash flow analysis. Blockchain analytics operators employed clustering algorithms to link multiple wallet addresses, even after mixing activities. Crucially, cooperation from eight international exchanges provided investigators with KYC (Know Your Customer) and transaction logs, enabling the tracing of funds from fiat to crypto and back to fiat. This "three-flow" model (data, money, and information) was central to reconstructing the entire lifecycle of the illicit financial activity. Broader Market Implications and Regulatory Landscape This crackdown underscores the increasing effectiveness of law enforcement in tracing and disrupting crypto-related financial crimes, despite the perceived anonymity of digital assets. The incident reinforces the narrative that regulatory bodies are capable of acting on blockchain data, which may enhance the industry's credibility by distinguishing legitimate use cases from illicit ones. However, it also highlights the persistent use of cryptocurrencies, especially stablecoins like USDT, in illicit activities, likely leading to increased scrutiny and potentially more stringent KYC/AML (Anti-Money Laundering) requirements for stablecoin usage and VASP (Virtual Asset Service Provider) operations globally. China maintains an aggressive stance towards cryptocurrencies, having implemented a full ban on all forms of crypto activity—including mining, ownership, and exchange trading—as of 2025. This enforcement action aligns with the Chinese government's consistent efforts to suppress cross-border capital flight and maintain financial stability. Globally, such events could influence the regulatory trajectory of stablecoins. For instance, Tether itself has introduced USA₮, a "regulation-first" stablecoin designed for US businesses and institutions, aimed at complying with acts like the GENIUS Act by requiring regular audits and robust AML/KYC policies. The ongoing challenges posed by illicit USDT usage globally emphasize the critical need for such compliance efforts to legitimize stablecoin operations within traditional financial systems. Transnational cyber scam networks, including those operating out of "pig butchering" centers in Southeast Asia, continue to defraud billions, indicating a global challenge that necessitates coordinated international law enforcement efforts.

Sep 13 2025, 03:45

Hyperliquid USDH Bidding War Heats Up, Upbit Unveils Ethereum L2, and Dogecoin ETF Set for Launch

Major stablecoin issuers compete for Hyperliquid's USDH, Upbit launches an Ethereum Layer-2 network, and the first US Dogecoin ETF prepares for trading, highlighting significant Web3 market evolution. Executive Summary The cryptocurrency market experienced a week of significant developments, marked by an intense competition among major stablecoin issuers for Hyperliquid's native stablecoin, the launch of an Ethereum Layer-2 solution by South Korea's largest exchange, Upbit, and the impending debut of the first US Dogecoin exchange-traded fund. These events underscore the continuous evolution of DeFi infrastructure, the expansion strategies of centralized exchanges, and the increasing integration of digital assets into traditional financial markets, set against a backdrop of anticipated shifts in US regulatory oversight. The Event in Detail Hyperliquid's USDH Stablecoin Competition Intensifies Hyperliquid is moving to replace its reliance on bridged assets like USDC with its own native stablecoin, USDH, a strategic pivot designed to internalize the value generated by its ecosystem. A high-stakes "bidding war" is underway, with at least six major stablecoin issuers—Paxos, Ethena, Frax Finance, Sky (formerly MakerDAO), Agora, and Native Markets—competing for the right to issue USDH. The winning proposal will be determined by a stake-weighted validator vote. Each contender presents distinct financial mechanics and operational models: Ethena Labs proposes USDH backed by USDtb, a stablecoin linked to BlackRock's BUIDL tokenized fund. Ethena pledges to return 95% of net reserve revenue to the Hyperliquid community through HYPE token buybacks and ecosystem funding. Their proposal also includes a $75 million ecosystem incentive fund, potentially scaling to $150 million, and the launch of a Hyperliquid-native synthetic dollar, hUSDe. Frax Finance offers a decentralized finance approach, backing USDH 1:1 with its frxUSD stablecoin, collateralized by US Treasuries. Frax commits to passing 100% of the underlying Treasury yield programmatically to Hyperliquid users, retaining zero fees. Paxos, known for regulatory rigor, submitted a proposal for a USDH compliant with both the US Stablecoins Act (GENIUS Act) and the EU's Markets in Crypto-Assets (MiCA) framework. Paxos initially proposed allocating 95% of reserve yield to HYPE buybacks. Sky (formerly MakerDAO) offers a direct yield of 4.85% to all USDH holders on the Hyperliquid platform. Its proposal involves USDH functioning similarly to DAI and USDS, backed by a diversified, overcollateralized pool of crypto and real-world assets (RWAs), including $2.2 billion in USDC within its Peg Stability Module (PSM) for instant redemptions. Native Markets pledged to mint USDH directly on HyperEVM and evenly split reserve yield between HYPE buybacks and ecosystem growth, utilizing Stripe's tokenization platform, Bridge. Agora, backed by VanEck and MoonPay, proposed returning 100% of USDH reserve revenue to the Hyperliquid community. The potential for USDH to disrupt the stablecoin market has prompted Circle to announce plans for deploying native USDC and its Cross-Chain Transfer Protocol (CCTP) on Hyperliquid, signaling its intent to retain market share. Upbit Launches Ethereum Layer-2 GIWA Chain Dunamu, the parent company of South Korea's largest cryptocurrency exchange Upbit, has launched the testnet for Giwa, an Ethereum Layer-2 solution. Built on Optimism's OP Stack, Giwa aims to achieve one-second block times and full Ethereum Virtual Machine compatibility, enabling faster transactions and lower fees for decentralized applications. This initiative positions Upbit as an infrastructure provider, akin to Coinbase's Base network and Binance's BNB Chain, as it seeks to expand beyond its core exchange operations and foster a broader Web3 ecosystem. The network plans to support a Korean won stablecoin project, aligning with national currency sovereignty initiatives. MYX Token Experiences Meteoric Rise Amid Manipulation Concerns The MYX token saw an extraordinary 27,000% price increase over three months, reaching an all-time high of $18.93 and a market capitalization of $3.53 billion. However, analysts have raised concerns, characterizing the surge as a potential "orchestrated exit-liquidity game." Research suggests that MYX whales allegedly manipulated spot prices to trigger perpetual futures' mark prices, leading to significant short squeezes, including $11 million in liquidations on September 8. A 39 million MYX token unlock was reportedly timed with peak market hype, facilitating insider exits. The token has since experienced a pullback, falling 10.34% in 24 hours due to profit-taking, extreme overbought signals (RSI above 98), and worries about insider selling. Story Protocol's IP Token Surges with Significant Funding Story Protocol's IP token has surged 8x since its listing. This performance is bolstered by an ecosystem fund in collaboration with OKX Ventures and a substantial $2.2 billion PIPE funding round for an IP token reserve, which includes participation from a16z crypto. The protocol is designed to revolutionize intellectual property management by making IP programmable and tradeable on the blockchain, focusing on attribution, licensing, and royalty mechanisms for digital assets. CoinShares to List on Nasdaq CoinShares, a leading European digital asset manager with approximately US$10 billion in Assets under Management (AuM), announced its intention to go public in the United States through a merger with Vine Hill Capital Investment Corp. The transaction, valued at US$1.2 billion on a pre-money equity basis, includes a $50 million institutional investment. This listing on Nasdaq will make CoinShares the first European Web3 company on a major US stock exchange, facilitating its international expansion and providing US investors direct access. CoinShares currently holds the number one market position in EMEA with a 34% market share and is among the top four managers globally by crypto ETP AuM, alongside BlackRock, Fidelity, and Grayscale. Anticipated Shift in US Crypto Regulatory Landscape The US crypto regulatory landscape is poised for a systematic shift in 2025, moving away from "regulation by enforcement" towards more structured oversight. SEC Chair Paul Atkins has signaled a focus on promoting innovation while ensuring investor protection. Key legislative efforts include the Digital Asset Market Clarity Act (CLARITY Act), which seeks to classify digital assets as securities or commodities, and the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, signed into law in July 2025, providing a clear legal framework for fiat-backed digital assets. The Anti-Central Bank Digital Currency Surveillance State Act also passed the House, prohibiting the Federal Reserve from issuing a retail CBDC. First US Dogecoin ETF Nears Launch The Rex-Osprey Dogecoin ETF (DOJE) is scheduled to begin trading around September 18, 2025, marking the first US exchange-traded fund dedicated to a memecoin. Approved under the Investment Company Act of 1940, this ETF provides investors with regulated exposure to Dogecoin. The anticipation surrounding the launch has fueled a 20% price surge in Dogecoin over the past week, with institutional interest, exemplified by CleanCore Solutions acquiring over 500 million DOGE, suggesting a potential shift in the memecoin's status towards a more legitimate financial instrument. Market Implications These developments carry significant implications for the broader Web3 ecosystem and traditional financial markets. The intense competition for Hyperliquid's USDH highlights the evolving landscape of stablecoin design, with issuers actively competing on yield generation, collateralization mechanisms, and regulatory compliance. This competitive dynamic could lead to a decentralization of stablecoin issuance control and a shift in revenue capture from traditional centralized entities to community-aligned protocols. Upbit's launch of the Giwa chain signifies a growing trend among major centralized exchanges to expand their influence into decentralized infrastructure. By developing proprietary Layer-2 solutions, exchanges like Upbit, Coinbase, and Binance aim to create integrated ecosystems, fostering developer activity and user adoption while potentially fragmenting liquidity across different chains. This strategy reflects a broader move to capture more of the Web3 value chain. The MYX token's volatile price trajectory, coupled with allegations of market manipulation, underscores the persistent risks within the highly speculative segments of the crypto market. It serves as a reminder of the potential for "exit-liquidity games" and the importance of robust on-chain analysis for investors. Conversely, the substantial funding and surging performance of Story Protocol's IP token indicate continued venture capital confidence in innovative Web3 applications, particularly those addressing fundamental issues like intellectual property rights in the digital age. The CoinShares Nasdaq listing and the Rex-Osprey Dogecoin ETF represent pivotal milestones for the integration of digital assets into mainstream finance. CoinShares' entry into a major US stock exchange provides traditional investors with regulated exposure to the burgeoning digital asset management sector. Similarly, the DOJE ETF legitimizes memecoins within regulated product offerings, potentially broadening their investor base and altering their investment profile from speculative novelty to accessible financial instrument. These developments signal a maturing market where traditional financial structures increasingly accommodate and validate crypto assets. Broader Context Collectively, this week's events illustrate a multi-faceted and dynamic progression within the Web3 space. The convergence of DeFi innovation, centralized exchange expansion into infrastructure, and the growing embrace of crypto assets by traditional finance indicates a maturing industry seeking both efficiency and legitimacy. The anticipated shift in US regulatory strategy, moving towards systematic oversight through legislation like the CLARITY Act and GENIUS Act, is critical for long-term stability and fostering institutional confidence. This regulatory clarity, alongside continued institutional investment and product innovation, is essential for mainstream adoption and the sustained growth of the digital asset economy. The diverse nature of these events—from core stablecoin infrastructure to meme coin ETFs—highlights the expansive and varied frontiers of the Web3 landscape.

Sep 12 2025, 13:43

CleanCore Solutions Expands Dogecoin Treasury to 500 Million Tokens, Shares Exhibit Volatility

CleanCore Solutions doubled its Dogecoin holdings to over 500 million DOGE funded by a $175 million private placement, causing significant stock volatility for the company following the announcement. Executive Summary CleanCore Solutions (ZONE), an aqueous ozone cleaning systems manufacturer, has rapidly accumulated over 500 million Dogecoin (DOGE), marking the halfway point towards its goal of acquiring 1 billion DOGE within 30 days. This Dogecoin Treasury initiative is supported by a $175 million private placement from institutional and crypto-native investors, including Pantera Capital, GSR, and FalconX. While DOGE experienced a 5.5% price increase, CleanCore's (ZONE) shares initially plunged over 60% upon the strategy's announcement before later showing some recovery. The company aims to establish Dogecoin as a premier reserve asset and expand its utility. The Event in Detail On Thursday, CleanCore Solutions (ZONE) confirmed it holds over 500 million Dogecoin (DOGE), effectively doubling its previous acquisition of 285.4 million DOGE. This accumulation positions the company halfway to its 1 billion DOGE target within a 30-day timeframe. The strategy is funded by a $175 million private placement involving more than 80 institutional and crypto-native investors. Key participants include Pantera Capital, GSR, FalconX, Borderless, MOZAYYX, Mythos, and Serrur & Co. LLC. The Dogecoin Foundation and its corporate arm, House of Doge, are integral partners in this initiative, with Alex Spiro appointed as Chairman of CleanCore's Board of Directors. Timothy Stebbing of the Dogecoin Foundation and Marco Margiotta, CEO of House of Doge, have also assumed executive roles within CleanCore, with Mr. Margiotta serving as Chief Investment Officer. CleanCore's DOGE holdings, currently valued at approximately $130 million based on a market price of $0.25-$0.26 per coin, are custodied through Robinhood's solution via Bitstamp. Financial Mechanics The Dogecoin Treasury initiative is financed through a $175 million private placement, which involved the offer and sale of 175,000,420 Pre-Funded Warrants at a price of $1.00 per Pre-Funded Warrant. The net proceeds from this private investment in public equity (PIPE) offering are allocated specifically for the purchase of Dogecoin, establishing it as CleanCore's primary treasury reserve asset. This financial structure allows CleanCore to raise capital directly from institutional investors for the explicit purpose of acquiring digital assets, diverging from traditional corporate treasury management. The strategy aims to leverage the private placement to acquire a significant portion of Dogecoin's circulating supply, with a long-term objective of securing up to 5%. Business Strategy and Market Positioning CleanCore's strategy extends beyond simple asset acquisition; it aims to establish Dogecoin as a legitimate reserve asset while expanding its utility. Marco Margiotta, Chief Investment Officer of CleanCore and CEO of House of Doge, stated: > "Crossing the 500 million DOGE threshold demonstrates the speed and scale at which ZONE is executing its treasury strategy. Our vision is to establish Dogecoin as a premier reserve asset while supporting its broader utility across payments, tokenization, staking-like products, and global remittances." This approach aligns with a vision for Dogecoin's potential in real-world applications. The company’s initiative contrasts with its primary business as a maker of aqueous ozone cleaning systems, indicating a significant strategic pivot. The partnership with the Dogecoin Foundation and House of Doge is designed to institutionalize Dogecoin and develop new use cases, including payment rails, tokenization platforms, and staking-like products. This strategy draws comparisons to early corporate digital asset investments, which were once considered unconventional. However, previous corporate attempts to build Dogecoin treasuries, such as by Spirit Blockchain Capital, Dogecoin Cash Inc., and Bit Origin, have often resulted in significant stock declines for those companies. For example, Spirit Blockchain Capital is down over 88% year-to-date, Dogecoin Cash Inc. is down 70%, and Bit Origin's stock has fallen about 64%. Broader Market Implications CleanCore's large-scale Dogecoin accumulation, backed by major crypto investment firms, signifies growing institutional interest in meme coins, potentially influencing their market dynamics. This move could set a precedent for other corporations to include Dogecoin in their treasuries, enhancing its perceived legitimacy and driving demand. If successful, CleanCore's approach could serve as a blueprint for micro-cap companies seeking to differentiate themselves through active digital asset treasury management. The company's future hinges on the continued growth of Dogecoin's adoption and utility, alongside the effective execution of its treasury strategy. Dogecoin itself saw a 5.5% increase following the announcement, reflecting a bullish sentiment. However, the initial 60% plunge in CleanCore's shares highlights the market's cautious response to companies pivoting to such aggressive digital asset strategies, underscoring the inherent volatility and risk perception associated with these ventures.

Dogecoin (DOGE) Price

DOGE Crypto Price Chart

Related News