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$DOG Memecoin Hits $420M Cap, 118.72 BTC Volume in 4 Hours, CEX Listings

Apr 25, 2024, 02:17 PM

In a significant surge within the cryptocurrency sector, the memecoin $DOG, also known as DOG•GO•TO•THE•MOON, has seen a remarkable rise in market capitalization and trading volume. Initially launched on the Magic Eden platform, $DOG opened with a market cap of approximately $240 million and quickly escalated to over $420 million, with a latest trading price of $0.0043. This rapid growth was fueled by its broad holder distribution, with 75,000 holders initially, which has significantly increased since the launch. The coin, which represents Rune #3 in the Bitcoin Runes ecosystem, has been actively traded across various platforms, including Cube and Gate.io, and has been listed on CoinWOfficial. $DOG's performance is notable not only for its high trading volume but also for its potential to reach a $1 billion market cap, a milestone that could enhance the legitimacy of BTC memecoins broadly. Additionally, 100 billion $DOG were airdropped to holders, and the coin achieved a trading volume of 118.72 BTC within just four hours of its launch.