Trump Family-Linked Firm Buys 7.5 Million DOGE — Is Dogecoin About to Lead Another MEME Rally?
TradingKey – Dogecoin rebounds sharply today, jumping over 6%, with potential to reignite the broader MEME coin sector.
On Thursday, September 18, Dogecoin (DOGE) reversed its recent decline and surged more than 6%, currently trading at $0.2822.
Dogecoin Price Chart – Source: TradingView
The rally was fueled by news that Thumzup Media (ticker: TZUP) — a publicly listed company partially owned by Donald Trump Jr., son of U.S. President Donald Trump — has made its first open-market purchase of approximately 7.5 million DOGE at an average price of $0.2665 per coin.
Last week, DOGE saw a sustained rally, climbing from a low of $0.22 to a peak of $0.35 — an increase of nearly 60%. This momentum lifted the entire meme coin sector, with tokens like PEPE, SHIB, and BONK following suit.
Ahead of the Federal Reserve’s rate cut announcement, investor risk appetite declined, leading to a broad pullback in DOGE and other altcoins. Now, with the Fed’s dot plot signaling two more rate cuts this year, DOGE has become the first to rebound—potentially setting the stage for another MEME coin breakout.
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