CleanCore’s strategic move to invest $175 million in Dogecoin has sparked both excitement and skepticism in the crypto market. The company, listed on the NYSE under ZONE, announced this private placement on September 2nd, aiming to establish a dedicated Dogecoin treasury. This initiative could significantly influence how Dogecoin is perceived within the financial world. The resulting stock dip of over 58% suggests market uncertainty surrounding the decision. CleanCore believes this strategic move will pave the way for broader institutional adoption of meme coins. Market analysts believe the impact might ripple through the crypto landscape, potentially affecting valuations and even shaping regulations for other cryptocurrencies.