The Biggest Meme Coin on the Bitcoin Network Surpasses Billion Dollars with a 5x Rise!

The meme coin, which was launched with the Runes protocol after the halving in Bitcoin, exceeded the value of $ 1 billion with its massive rise in 20 days.

Some meme coins were released in parallel with the runes protocol, which came into our lives after the halving in Bitcoin, which occurs every 4 years. Among these, DOG GO•TO•THE•MOON (DOG) stood out from the others with its 400% price increase in the last 20 days.

In parallel with the price increase, DOG also became the largest meme coin in the Bitcoin network and was recorded as the 7th largest meme coin in the entire cryptocurrency market.

Currently, Dogecoin (DOGE) leads the industry with a market value of $23 billion, followed by Shiba Inu (SHIB), Pepe (PEPE) and FLOKI (FLOKI).

In the recent meme coin craze, most of the cryptocurrencies come from Solana and Base networks, while DOG, which emerged on the Bitcoin network, draws attention for the use of Runes as a layer-2 network.

According to CoinGecko data, DOG, which declined for a while after its launch, reached its all-time low on May 15. DOG, which has exhibited a 5x price performance in 20 days since then, is traded at $0.00927.

In parallel with the decline in price, DOG lost its market value of $1 billion and fell to $933 million.