DOG•GO•TO•THE•MOON (DOG), a Bitcoin-based meme coin created through the innovative Runes protocol, has rapidly gained traction after its airdrop to Runestone Ordinals holders. With over 74,000 holders within a day of launch, DOG now ranks as the most widely distributed Runes token to date.
Key Highlights of the DOG Airdrop
- Total Supply: 100 billion DOG tokens airdropped to eligible Runestone wallets.
- Holder Growth: Surpassed 74,000 holders, dwarfing other Runes tokens like RSIC•GENESIS•RUNE (~22,000 holders).
- Top Wallets: The largest DOG wallet holds 6.7 billion tokens (~6.65% of supply), while the top five control nearly 10%.
Market Performance:
- Floor price: 5.28 sats (~$0.003).
- 24-hour trading volume: 53.1 BTC ($3.4 million).
- Estimated total volume: $10 million.
- Market cap: $336 million.
👉 Discover how Runes tokens are revolutionizing Bitcoin’s ecosystem
Why DOG Stands Out Among Runes Tokens
- First-Mover Advantage: As one of the earliest Runes tokens, DOG benefits from high visibility.
- Community-Driven Distribution: Fair airdrop to 112,383 Runestone wallets fosters decentralization.
- Protocol Design: The token’s quirky name (e.g., "DOG•GO•TO•THE•MOON") stems from Runes’ anti-squatting rules, which mandate longer names initially.
FAQs About DOG and the Runes Protocol
Q: How do I claim DOG tokens?
A: Eligible wallets (Runestone Ordinals holders) received tokens automatically. Check your wallet for balances.
Q: What’s the long-term utility of DOG?
A: While primarily a meme coin, its success could drive adoption of Runes for future token launches.
Q: Why is the market cap so high despite low per-token value?
A: The 100 billion supply inflates the cap. Demand stems from speculative trading and Runes’ novelty.
Q: Are Runes tokens like DOG a safe investment?
A: Crypto investments carry risk. Meme coins are highly volatile—research thoroughly before participating.
The Future of Runes Tokens
With projects like RSIC•GENESIS•RUNE and SATOSHI•NAKAMOTO gaining traction, the Runes protocol is poised to expand Bitcoin’s fungible token ecosystem. Analysts predict increased innovation as name-length requirements ease post-launch.
👉 Explore the top Runes tokens trading on Magic Eden
Edited by Andrew Hayward
Disclaimer: The author’s views are for informational purposes only and not financial advice. Always conduct independent research.
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