DOG•GO•TO•THE•MOON (DOG) has quickly become the top dog by market cap among Runes tokens and dog tokens across all chains since its April launch.
This adorable, hoodie-wearing pup has stolen the hearts of many in the Runes ecosystem, with its market value soaring to nearly $1 billion in June.
In this article, we’ll dive into DOG’s backstory, what it’s all about and why the Runes community is so hyped about this meme coin. We’ll also show you how to buy DOG using your Magic Eden Wallet.
DOG•GO•TO•THE•MOON is a meme coin on Bitcoin powered by the Runes Protocol that became one of the most sought-after Bitcoin Runes tokens in the market.
The X factor drawing people to DOG isn’t just its cute dog mascot—it’s its tokenomics. The team, inspired by Ordinals advocate Leonidas, distributed all 100 billion tokens to early Runes adopters, keeping none for themselves.
With the entire supply already out there, DOG can’t be minted anymore. So, if you want to get your paws on this token, your only option is to buy it on a platform like Magic Eden.
DOG•GO•TO•THE•MOON exploded in popularity in April 2024 after 75,000 holders of Runestone Ordinals received an airdrop of 100 billion DOG tokens.
Runestone, a pre-Runes NFT project, used the Ordinals protocol to inscribe digital artifacts directly onto Bitcoin. 112,383 Runestones were airdropped to early Ordinals collectors with at least three inscriptions in their wallets before the snapshot.
Anyone who received or purchased Runestone Ordinals and held them in their wallet before block 840,249 received an airdrop of 889,806 DOG runes tokens.
And that’s how DOG made its grand entrance—with a loud bark and a generous airdrop.
DOG•GO•TO•THE•MOON’s launch makes it one of the more intriguing projects in the Runes ecosystem, thanks to its decentralized and community-first approach.
Leonidas and the DOG community have been barking up a storm about the token on social media, making it arguably the most talked-about Runes token out there.
The team’s approach to marketing has been purely organic: no presale, no paid promo or any paid KOLs to help with token distribution. DOG even vowed not to pay for CEX listings or market makers as part of its organic growth strategy.
The project’s mission is to make Bitcoin fun, playful and give it a touch of community-driven organic growth, where the team doesn’t interfere with the token supply.
With a fully transparent, equitable and fair distribution, DOG is on its way to turning that vision into a reality.
DOG•GO•TO•THE•MOON is fresh out of the meme coin oven, but its journey has been nothing short of a rollercoaster, complete with its share of highs and lows.
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The token reached its all-time high on June 4, 2024, when the price reached $0.009774. This brought its market cap to almost $1 billion (or, more precisely, to $977 million), which is an impressive feat for a newly launched meme coin.
However, the token’s price hasn’t always followed an upwards trajectory.
DOG reached a recent low on August 5, 2024, two months after its ATH, when the broader crypto market dropped. Its price touched a low of $0.001768 (market cap $176.8 million) but recovered relatively quickly and now sits at $0.003184 at the time of writing.
Trading DOG•GO•TO•THE•MOON (DOG) is easy when you know where to start, and Magic Eden’s just the place for that.
Follow these steps to buy DOG tokens on Magic Eden:
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To sell DOG tokens, you will have to split your holdings into lots unless you want to sell all your tokens at once.
To split your DOG tokens, go to your Runes Portfolio, select DOG and click the ‘Split’ button. You will then be asked the amount you would like to split. Once you’ve decided the lot size you want to go with, click ‘Split Runes’ and wait for the transaction to be confirmed by the network.
You can then list your DOG lots on Magic Eden for sale at a price you’re happy to sell at. As soon as someone snaps up your tokens, you will receive BTC in your connected wallet when the transaction is confirmed by the network.
And that’s it! That’s how easy it is to trade DOG on Magic Eden.
DOG•GO•TO•THE•MOON has established itself as a prolific project in the Runes ecosystem. Its approach to community, decentralization and fairness shows commitment to building the meme coin ecosystem on Bitcoin.
Finally, its high supply of 100 billion tokens, all of which are in circulation, ensures that anyone who wants to own the token can buy some from previous holders.
Download Magic Eden Wallet to securely store, manage, buy and sell DOG in one place.
The information provided on this website is provided for general educational purposes only and is in no way financial or investment advice. Certain information may have also been provided to us or prepared by third parties; these materials are provided for convenience and are not an endorsement by Magic Eden. Magic Eden is not liable for any errors, changes or amendments to such information, including any actions taken in reliance on such information.
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