A meme coin issued on Bitcoin's Runes protocol, DOG token, is about to reach a $1 billion market cap after a 200% surge in the last 30 days.
DOG becomes the largest meme coin on Bitcoin and seventh-largest in the crypto market after launching during the Bitcoin halving event.
While other meme coins are on faster blockchains, DOG on Runes helps establish a legitimate Bitcoin layer-2 network.
Meme coins like DOG are highly volatile, driven by social media sentiment rather than utility, experiencing a 60% slump post-launch.
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