The Bitcoin Native Meme Coin DOG has surged to a 5-month high amid Dogecoin speculation, with hopes for exchange listings
Previously, DOG was listed on Kraken futures, which triggered a large-scale squeeze over the weekend and sparked speculation about further listings.
The Bitcoin-based meme coin DOG•GO•TO•THE•MOON (DOG) has fallen to its highest point since June as speculation about a potential futures listing on Binance arose.
Reports indicate that Dog, Pups, and Billionaire Dollar Cat (BDC) are under scrutiny. Updates from the Bitcoin Ordinals browser Ord.io show that users on X shared what appears to be a nomination for a screenshot token.
Binance did not immediately return a request for comment to confirm this.
It follows a Kraken futures listing for DOG on November 15, which triggered a large-scale squeeze over the weekend and sparked speculation about further listings on major exchanges. This drove traders into a frenzy, with the token soaring 88% this week to $0.007. Meanwhile, PUPS and BDC rose 31% and fell 1% respectively during the same period.
Dog-themed meme coins including Dogecoin and those based on Solana and Ethereum blockchains have been enjoying great times in the sun, with many trades occurring at multi-month highs.
In recent weeks, the Republican victory in the White House has helped fuel speculation among traders about digital assets, as many expect that the incoming administration of President Donald Trump will introduce favorable policies.
What is DOG?
DOG is a meme-inspired cryptocurrency token inscribed on the Bitcoin blockchain using the Runes protocol. DOG launched in May 2024 and was airdropped to holders of the Runestone Ordinals project, quickly becoming the most widely held Runes token.
The BRC-20 tokens have surpassed Runes in the Bitcoin fungible token market, currently accounting for 55% of all trades, while Runes account for 45%, showing a reversal trend within 30 days; according to data from October 17, Runes' dominance over BRC-20 tokens was 94.7% on the Dune dashboard.
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