Exploring the Rise of DOG•GO•TO•THE•MOON Meme Coin on the Runes Protocol 🌕
If you’re a crypto enthusiast, you might have heard about DOG•GO•TO•THE•MOON (DOG), a meme coin derived from the innovative Runes protocol. This article delves into the recent surge of DOG, catapulting it to the status of the most widely held Runes token to date. Let’s explore the key highlights surrounding this intriguing development!
The holders of DOG surpassed 74,000 in number on a particular day, marking a significant milestone in the realm of the Runes protocol. Let’s take a closer look at the key aspects contributing to the growing popularity and adoption of DOG among crypto investors worldwide!
The Emergence of DOG•GO•TO•THE•MOON 🚀
– DOG airdropped to Runestone Ordinals holders
– A total of 100 billion dog-themed Runes distributed
– Wallets with Runestone Ordinal inscriptions eligible for airdrop
Surge in Holder Count and Market Performance 💹
– Over 74,000 holders of DOG recorded
– Top five wallets collectively hold nearly 10% of the total supply
– DOG trading at a floor price of 5.28 sats in the secondary market
Market Capitalization and Trading Volume 📈
– DOG has a one-day volume of 53.1 BTC on Magic Eden
– Estimated total trading volume since the launch at $10 million
– Current market capitalization of approximately $336 million
Prevention of Name Squatting and Protocol Requirements 🛡️
– Runes protocol enforces a minimum length requirement for token names
– Names gradually shorten over time with Bitcoin network blocks processed
– Curious names like RSIC•GENESIS•RUNE and Z•Z•Z•Z•Z•FEHU•Z•Z•Z•Z•Z due to protocol guidelines
Hot Take: Riding the Wave of DOG•GO•TO•THE•MOON to Crypto Fortune! 🌌
As a crypto investor, staying updated on emerging tokens like DOG•GO•TO•THE•MOON can offer exciting investment opportunities. The surge in popularity and holder count of DOG signifies a growing trend in meme coins and their adoption within the crypto community.
Demian Crypter emerges as a true luminary in the cosmos of crypto analysis, research, and editorial prowess. With the precision of a watchmaker, Demian navigates the intricate mechanics of digital currencies, resonating harmoniously with curious minds across the spectrum. His innate ability to decode the most complex enigmas within the crypto tapestry seamlessly intertwines with his editorial artistry, transforming complexity into an eloquent symphony of understanding.