The creator of Ord.io, Leonidas, created the meme token DOG•GO•TO•THE•MOON, which has already peaked and is the ninth-largest meme coin by market capitalization. The market value of the token was $695 million at the time of writing.
There Are Now Bitcoin-Centric Members in the Top 10 Meme Coins
For the first time, a meme coin generated from the Bitcoin blockchain has made it into the top ten meme token rankings, which is a noteworthy accomplishment. Since its inception and airdrop to Runestone NFT holders, the token known as DOG—also referred to as DOG—has progressively risen through the rankings.
Coingecko.com’s research indicates that DOG is the ninth-largest meme currency in terms of market capitalization, but it is ranked 132nd among all cryptocurrencies in terms of market worth worldwide. As of 6 a.m. Eastern Time on Thursday, DOG is trading at $0.006997 per unit.
From the coin’s May 30, 2024, all-time high (ATH) of $0.007542, the current price is a 7.5% fall. At its peak, the Runes-based meme token was valued at $745 million on the market. In relation to the US dollar, DOG has gained 79% over the previous week and 216% over the last 30 days.
According to available data, DOG is held by 70,292 distinct bitcoin addresses, with the top address holding 3.24% of the total. With 577.39 BTC, or $39 million, recorded in the last 24 hours, DOG is currently the most popular Runes-based token on the digital collectibles marketplace run by Okx. At 86.57 BTC, or $5.8 million, in 24-hour transaction volume, DOG is the second-most-traded Runes token on Magic Eden.
The rise of DOG is a prime example of meme tokens’ expanding power in the cryptocurrency industry. Unconventional tokens like DOG and many others have the potential to upend established financial markets as the general acceptance of digital assets advances, disrupting long-held beliefs about value and investment paradigms.
