Recently, the crypto assets market welcomed a new whale player. NYSE American listed company CleanCore Solutions (stock code: ZONE) announced on the evening of September 16 that it has purchased another 100 million Dogecoin (DOGE), bringing its total holdings to over 600 million.

This move is part of CleanCore's $175 million Dogecoin reserve plan launched earlier this month. The company is ambitious, aiming to increase its open interest to 1 billion coins within 30 days, with a long-term plan to acquire 5% of DOGE's circulating supply.

It is worth noting that this series of actions by CleanCore has received support from the Dogecoin Foundation and House of Doge. The company's vision is not limited to mere investment, but also includes promoting the actual application of DOGE in various fields, such as using it as a reserve asset, payment tool, tokenized medium, remittance channel, and the basis for staking-like products.

Since CleanCore began implementing its Dogecoin reserve plan, DOGE's market performance has been impressive, with prices rising over 25%. This surge not only reflects the market's positive response to the large-scale institutional entry but also demonstrates investors' optimism about Dogecoin's future development prospects.

With the participation of institutional investors like CleanCore, the Dogecoin ecosystem is undergoing a significant transformation. From its origins as an internet joke to being regarded as a crypto asset with real application potential, the development trajectory of DOGE is remarkable.

However, the cryptocurrency market has always been highly volatile. While investors pay attention to these positive news, they should also remain rational and be wary of potential risks. Whether Dogecoin can truly realize the blueprint envisioned by its supporters still requires time to verify.