Thumzup Media Corp. is pushing ahead with plans to let creators receive payments in Dogecoin (DOGE), as new data shows the meme token has slipped in recent days even amid renewed institutional interest.
Based on reports, the firm’s strategy includes a $2.5 million loan to DogeHash for mining expansion, and a treasury holding of 7.5 million DOGE, while regulatory and adoption challenges still loom.
Thumzup Prepares DOGE Payouts
According to company-adjacent sources, Thumzup intends to offer Dogecoin as an alternative payout option, alongside fiat or other crypto choices, once pilot testing and legal reviews are done.
The $2.5 million infusion into DogeHash Technologies is framed as both a way to help scale mining capacity and to cement a tighter corporate alliance via a possible share swap.
In public disclosures, Thumzup reports holding 7.5 million DOGE and some Bitcoin in its treasury as part of its broader crypto portfolio.
DOGE Price Slides Amid Broader Weakness
Reports have disclosed that Dogecoin has dropped by about 3% over the past 24 hours, putting its price near $0.197. Over the past week, DOGE has declined roughly 18%, making it among the worst performers in the top 10 cryptocurrencies.
At the same time, trading volume and market cap show continued investor involvement, but sentiment is clearly under pressure. Some analysts warn that the volatility could discourage content creators from opting for DOGE payments unless stabilization tools or hedging mechanisms are put in place.
The announcement of DOGE integration and mining investments drew mixed reactions. Thumzup’s stock rallied modestly in after-hours trading, reflecting investor appetite for a more diversified asset base.
Some crypto traders placed bids pushing DOGE higher on the news, though many remain skeptical of execution risks. The bears seem to have had their fill, an analyst said, suggesting some traders see recent downward moves as an opportunity. On the flip side, volatility and regulatory ambiguity may hold back broader adoption.
Regulation, Execution, And Adoption Risks
Based on reports, Thumzup faces steep hurdles. Money-transmission laws, tax rules, and anti-money-laundering checks must be cleared before payout functionality can roll out.
Technical integration is also a challenge: wallets, custody solutions, conversion to fiat, and user protections all need building. Even if all that is done, creators may lean toward stablecoins or cash over a volatile token.
Meanwhile, running and scaling a mining operation adds power expenses, supply chain risk, and dependency on favorable network conditions.
Featured image from ICOBench, chart from TradingView
