Dogecoin price explodes after huge development fund announcement – Report

The Dogecoin Foundation has announced a 5,000,000 DOGE ($360,000) development fund meant for developers.
As part of the process, the foundation would distribute 500,000 DOGE to the developers after the Dogecoin Core records a minor or major advancement.
The Dogecoin Foundation has announced a 5,000,000 DOGE ($360,000) development fund meant for developers who contribute to the ecosystem. According to reports, the funds would first be moved to a “segregated multi-signature wallet,” and would be run by members of the foundation. “chromatic (Dogecoin Core developer), Marshall Hayner, Patrick Lodder, Michi Lumin, and Ross Nicoll” would reportedly be in charge of its security. 
The DOGE held in this wallet will disburse rewards to developers of Dogecoin Core for work on all contributions, no matter how big or small.
As part of the process, the foundation would distribute 500,000 DOGE to the developers after the Dogecoin Core records a minor or major advancement. However, the action

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