Dogecoin just got a serious credibility boost. The Dogecoin Foundation revealed it had purchased 10 million DOGE—worth about $1.8 million—to launch the “Official Dogecoin Reserve,” a strategic step aimed at stabilizing the memecoin and attracting long-term holders. The move comes as interest in altcoins heats up, helped along by cooling U.S. trade tensions and renewed investor risk appetite.
Traders Rotate into Altcoins as Risk Appetite Returns
As of March 25, Dogecoin was up nearly 7% in 24 hours, hitting its highest level in almost two weeks. But it wasn’t acting alone. Altcoins broadly rallied while Bitcoin’s market cap edged slightly lower. Traders seem to be rotating into higher-risk tokens like DOGE, especially with chatter of a possible Dogecoin ETF gaining traction. Polymarket data shows the odds of an ETF launch this year jumped from 27% in January to 72% this week.
DOGE Charts Hint at Breakout but Risk Remains
DOGE is also flashing a technical bear flag pattern, but for now, it’s bouncing at key support. Futures open interest has climbed to $1.8 billion, and funding rates have turned positive—both signs of growing bullish momentum. Still, if that lower trendline cracks, DOGE could slide 35% toward $0.117. So while things are looking up, it’s not all tailwinds yet.
At the tine of writing, Dogecoin is sitting at $0.1863.
