DOG Token, Based on Bitcoin, Surges to Become 8th Largest Meme Coin Approaching $1B Market Cap

DOG•GO•TO•THE•MOON, a Runes-based meme token initiated by Leonidas, the founder of Ord.io, has achieved a remarkable milestone, rising to become the 8th largest meme coin by market capitalization. 

This token, blending the amusement of a meme coin with Bitcoin’s reliability and the efficiency of the Runes protocol, has surged in market value, now standing at an impressive $932 million. The Runes protocol harnesses Bitcoin’s inherent capabilities and its Unspent Transaction Outputs (UTXO) model to generate, mint, and transfer tokens directly on the blockchain. 

Operating in sync with Bitcoin’s core principles, the DOG token helps uphold network integrity while minimizing unnecessary “dust” UTXOs.

Clever Robot News Desk 6^th June 2024