Cleaning Service Invests $175 Million in Dogecoin, Stock Plummets 59%

A surprising move from CleanCore Solutions, a cleaning service company listed on the NYSE under the ticker ZONE, has sent ripples through the crypto world. The company recently announced a $175 million investment into its official Dogecoin treasury. This initiative is backed by well-known Dogecoin-focused entities such as the Dogecoin Foundation and the House of Doge. 💰 However, the stock price of ZONE plummeted by almost 60% in pre-market trading after the announcement. While the company’s stock reached a peak of $7.00 last Friday, it has since collapsed to just $2.71. 🤔 This sharp drop raises questions about whether this move was strategically calculated or if an insider job played a role, given that executives sold significant shares in July. 🚨 The price surge for DOGE (Dogecoin) following the news is another notable aspect, highlighting the volatile nature of meme coin markets.