$DOG Memecoin Surges to $828M Market Cap, Achieves New ATH, Trending on CoinGecko

May 30, 2024, 12:14 AM

$DOG, a memecoin on the Bitcoin network, has seen significant gains recently, reaching a market cap of $828 million. Despite not being listed on any Tier-1 centralized exchanges (CEX), $DOG has become the second most valuable fungible token on Bitcoin, trailing only $ORDI. When $DOG reaches an $862M market cap, it will hit the homepage of CoinMarketCap. The token has also achieved a new all-time high (ATH) and is trending on CoinMarketCap and CoinGecko. $DOG's performance is notable given its lack of liquidity and volume compared to other top memecoins. The token's rise is attributed to its strong community support and the broader resurgence of the Runes market, with a single Runes mint accounting for 63% of all Bitcoin transactions in the past 24 hours. Additionally, $DOG has flipped $SATS to become the third most valuable asset on Bitcoin.