{"id":9322,"date":"2025-08-30T14:08:04","date_gmt":"2025-08-30T14:08:04","guid":{"rendered":"https:\/\/bitunikey.com\/news\/dogecoin-price-slumps-despite-elon-musk-doge-treasury-rumor\/"},"modified":"2025-08-30T14:08:06","modified_gmt":"2025-08-30T14:08:06","slug":"dogecoin-price-slumps-despite-elon-musk-doge-treasury-rumor","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/dogecoin-price-slumps-despite-elon-musk-doge-treasury-rumor\/","title":{"rendered":"Dogecoin price slumps despite Elon Musk, DOGE treasury rumor"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Dogecoin slipped more than 2% to $0.21 in the last 24 hours, bucking the coin\u2019s usual pattern of rallying on Elon Musk-related news. <\/p>\n<p class=\"is-style-default\">The drop comes as rumors swirl that Musk\u2019s attorney, Alex Spiro, is spearheading a Dogecoin (DOGE)  treasury project aimed at raising $200 million from public investors.<\/p>\n<p>According to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/fortune.com\/crypto\/2025\/08\/29\/elon-musk-alex-spiro-dogecoin-house-of-doge-crypto-treasury-company\/\" target=\"_blank\">Fortune<\/a>, investors are receiving offers for a public vehicle that will invest in Dogecoin coins.<\/p>\n<div id=\"cn-block-summary-block_900a5655d5c78d9bf883eb0793fc1541\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Dogecoin slips 2% to $0.21 despite news of a $200m treasury initiative<\/li>\n<li>Elon Musk\u2019s lawyer Alex Spiro is set to chair the planned DOGE treasury<\/li>\n<li>House of Doge backs the venture as Dogecoin\u2019s official corporate vehicle<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h3 class=\"wp-block-heading\">Dogecoin price slumps despite positive rumors<\/h3>\n<p>Since its 2013 debut, Dogecoin\u2019s price has often moved in step with Musk\u2019s public comments. However, the market\u2019s muted response to the proposed treasury vehicle\u2014a project reportedly approved by the official Dogecoin organization, the House of Doge\u2014suggests that traders may be prioritizing fundamentals over hype. <\/p>\n<p>Details about the structure and launch timeline remain scarce, even as analysts see potential for a renewed rally.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h3 class=\"wp-block-heading\">Spiro\u2019s Track Record Defending Musk in Crypto Cases<\/h3>\n<p>Alex has successfully defended Musk against allegations of market manipulation.<\/p>\n<p>In August 2024, Spiro helped secure the dismissal of a 2022 lawsuit claiming Musk had manipulated Dogecoin markets through social media posts.<\/p>\n<p>Spiro, who also represents celebrities such as Jay-Z and Alec Baldwin, successfully argued that Musk\u2019s comments constituted protected speech rather than market manipulation.<\/p>\n<p>Musk\u2019s influence over Dogecoin pricing has been so pronounced that his social media activity has become a key factor in trading strategies.<\/p>\n<p>His 2021 Saturday Night Live appearance, where he called Dogecoin \u201ca hustle,\u201d caused immediate price volatility.<\/p>\n<p>Nevertheless, analyst Ali recently posted on X that \u201cDogecoin $DOGE is ready for a 30% move.\u201d This suggests that technical momentum may be building despite current price weakness.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Dogecoin <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">$DOGE<\/a> is ready for a 30% move! <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/Zeqo7zL9mW\">pic.twitter.com\/Zeqo7zL9mW<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/ali_charts\/status\/1961524758371279061?ref_src=twsrc%5Etfw\" target=\"_blank\">August 29, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>This prediction aligns with historical patterns where DOGE often experiences sharp moves following periods of consolidation.<\/p>\n<p>The treasury company\u2019s plans could provide sustained buying pressure for Dogecoin if successfully launched.<\/p>\n<p>At last check Saturday, Dogecoin is down nearly 9% over the previous seven days. <\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/dogecoin\" target=\"_blank\">CoinGecko<\/a><\/figcaption><\/figure>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin slipped more than 2% to $0.21 in the last 24 hours, bucking the coin\u2019s usual pattern of rallying on Elon Musk-related news. The drop comes as rumors swirl that&hellip;<\/p>\n","protected":false},"author":1,"featured_media":806,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9322","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=9322"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9322\/revisions"}],"predecessor-version":[{"id":9323,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9322\/revisions\/9323"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/806"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=9322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=9322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=9322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}