Dogecoin 🐶 just did a backflip in the crypto pool, skyrocketing 7% to $0.28 on Monday, July 21—because why not outshine Cardano and Solana like they’re at a dog park and everyone else is a Chihuahua? This wild ride came after Bit Origin Ltd (NASDAQ: BTOG), a Singapore-based digital asset firm, dropped 40.5 million DOGE on its Treasury Strategy, backed by a $500 million capital facility. Because nothing says “I’ve got money” like buying enough DOGE to fund a lifetime supply of Shiba Inus.
Per Bit Origin’s official statement, they bought DOGE at $0.2466 per token, now hoarding over 40 million. They even invented a new metric called DOGE-Per-Share (DPS), clocking in at 0.691. Because nothing screams “institutional-grade” like a number that’s basically a wink to the universe.
Bit Origin Announces 40 million DOGE Purchase | Source: SEC.gov
In their SEC filings (because crypto needs *more* bureaucracy), CEO Jinghai Jiang declared Dogecoin’s utility for micropayments as the next big thing. Because nothing says “future of finance” like sending $0.05 to your friend for a meme.
“We see Dogecoin’s utility potential nearing an inflection point. Its cultural familiarity and liquidity, when combined with renewed developer activity, could support a shift toward institutional-grade use cases.” – Jinghai Jiang, CEO and Chairman of Bit Origin, July 21. Because nothing says “institutional-grade” like a Shiba Inu emoji and a Twitter thread.
Bit Origin’s move is their first under a $500 million digital asset treasury plan, because nothing says “diversification” like buying a crypto that started as a joke. Their DOGE play joins the ranks of other US firms like Microstrategy and Metaplanet, who are now basically crypto’s version of Wall Street, but with more memes.
DOGE Price Prediction: Analyst Targets $0.42 After Resistance Breakout
Amid the chaos, Alan, the market’s favorite oracle, has whispered that DOGE’s breakout could trigger a 30% surge. Because nothing says “reliable analysis” like a Twitter handle with “Trader Tardigrade” in it.
“Dogecoin broke out from a resistance level and closed above it on the daily chart,” Alan said, because nothing says “bullish signal” like a Shiba Inu grinning on a chart. He also noted the RSI is in overbought territory, which is basically crypto’s version of a packed Starbucks at 8 AM. But hey, at least it’s not a bear market!
#Dogecoin broke out from a resistance level and closed above it on the daily chart. The RSI shows no bearish divergence, creating a higher high on both RSI and $Doge, indicating this breakout is legitimate in terms of momentum.
However, the RSI has entered the overbought zone. A…
— Trader Tardigrade (@TATrader_Alan) July 21, 2025
Alan added that a pullback to $0.25 would be “healthy,” because nothing says “market correction” like a brief dip before a 50% jump to $0.42. If DOGE stays above $0.26, it’s basically a green light to start planning your Dogecoin mansion. 🏡🐶
Traders Turn to Solaxy Presale as DOGE Ignites Meme Coin Momentum
As DOGE dances with the stars, traders are eyeing Solaxy ($SOLX), the Layer-2 built on Solana, because why not? With 70% staking rewards (because who doesn’t want their crypto to work overtime?), multi-chain compatibility, and native Solana infrastructure, Solaxy is the “utility-backed” meme coin that’s basically a LinkedIn profile for Shiba Inus.
Solaxy Presale
Visit the official Solaxy website to join the presale and secure your SOLX allocation. Because nothing says “smart investment” like jumping on the next meme coin train before it crashes into a volcano. 🚂🌋
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2025-07-22 03:01