Updated
Updated · TradingView · Aug 11
Dogecoin Touts 12,795% Gain as $12.3 Billion Meme Coin Revisits Its Dog Origins
Updated
Updated · TradingView · Aug 11

Dogecoin Touts 12,795% Gain as $12.3 Billion Meme Coin Revisits Its Dog Origins

1 articles · Updated · TradingView · Aug 11

Summary

  • Dogecoin’s official X account revisited the token’s joke beginnings, calling “putting a dog on the money” one of the internet’s “more reasonable ideas.”
  • The post landed as DOGE still carries a $12.31 billion market value, above Domino’s Pizza, and logged more than $566 million in 24-hour trading volume.
  • Institutional interest has also reached the memecoin through spot ETFs — Grayscale’s GDOG and 21Shares’ TDOG — which together have drawn $12.20 million of net inflows.
  • DOGE was up 3.07% at $0.07208 in the latest session, but it remains down 43% year to date and 67% over the past year after broader crypto weakness.

Insights

Despite a $12 billion valuation and new ETFs, can Dogecoin's meme magic survive its brutal inflation of 5 billion new coins every year?
With institutional ETFs finally live but demand falling flat, has the internet's favorite joke cryptocurrency finally run out of punchlines?
Can a digital asset born as a parody overcome its 67 percent yearly crash to become the future of online payments?