$DOG Memecoin Surges 20% to $440 Million Market Cap Amidst Runes Trading Volume Spike

Sep 26, 2024, 05:52 PM

$DOG, a memecoin built on the Runes protocol, has seen a significant surge in its market cap, reaching $440 million. The coin has experienced a 56% increase in 24-hour trading volume, totaling $17.4 million. Despite not being listed on any tier-1 centralized exchanges (CEXs), $DOG has outperformed other memecoins, including those with multiple CEX listings. The coin's fair distribution, with no presales, team allocations, or insider holdings, has contributed to its popularity. $DOG's performance has been likened to a leveraged version of Bitcoin, and it is currently the best-performing memecoin in the past 24 hours and 7 days according to ForbesCrypto. In the latest trading, $DOG is up 20%, reaching a market cap of $426M.