Dogecoin's price surged to a two-month high as United Dogecoin Inc. announced its merger with Nasdaq-listed Shuttle Pharmaceutical Holdings. The merger, supported by $11 million in PIPE financing, will create a publicly traded Dogecoin mining company. This transaction will enable United Dogecoin to acquire 3,000 ElphaPex mining rigs, expected to deliver a hash rate of 43,200 GH/s within 60 days, representing about 1.5% of the global Dogecoin mining capacity. Shuttle, which operates an AI-driven pharmaceutical platform, aims to quickly establish a market presence amid growing institutional interest in Dogecoin mining. The merger will provide United Dogecoin with the necessary funding and platform to scale operations. Dogecoin's price rose approximately 12% last week, outperforming other major cryptocurrencies, and reached its highest level in over two months, trading just below $0.11.
Dogecoin Price Hits Two-Month High Amid United Dogecoin Merger
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