DOG, Pups•World•Peace (PUPS), and Billionaire•Greenback•Cat (BDC) are all reportedly under evaluation, basically basically based on an update from Bitcoin Ordinals explorer Ord.io, with users on X sharing what appear to be screenshots of the token’s nomination.
Binance didn’t immediately return Decrypt’s query for affirmation on that point.
It follows a Kraken futures itemizing for DOG on November 15, which kicked off a prime bustle over the weekend and fueled speculation for extra listings across major exchanges.
That has whipped traders real into a frenzy, with the token soaring 88% on the week to $0.007. PUPS and BDC, within the intervening time, are up 31% and down 1%, respectively, over the identical interval.
It comes as dog-themed meme coins, along side Dogecoin and those in line with the Solana and Ethereum blockchains, are having their time within the sun, with many trading above multi-month highs.
A Whitehouse internet by the Republican internet together has helped pressure dealer speculation for digital sources in most up-to-date weeks as many take a seat up for favorable policy under President-elect Donald Trump’s incoming administration.
What is DOG?
DOG is a meme-inspired crypto token etched atop the Bitcoin blockchain the usage of the Runes protocol. Launched in Could also merely 2024, DOG modified into as soon as airdropped to holders of the Runestone Ordinals finishing up, impulsively changing into basically the most widely held Runes token.
BRC-20 tokens luxuriate in overtaken Runes in Bitcoin’s fungible token market, now representing 55% of all transactions when compared to Runes’ forty five%, exhibiting a reversing pattern over 30 days.
For context, Runes had a 94.7% dominance against BRC-20 tokens, as shown on October 17, basically basically based on a Dune dashboard.
DOG, whose market capitalization is working at $791 million, also holds the top location on the Runes trending leaderboard, basically basically based on records from UniSat.
Bitcoin meme coins luxuriate in modified vastly over the last year with Casey Rodarmor’s introduction of the Ordinals protocol, which opened the vogue for Runes.
Rodarmor previously described it as an avenue for of us “to compose shitcoins” and whatever else crosses their minds. It is internal this condominium that DOG modified into as soon as conceptualized and later emerged as a standout performer.
“DOG lives at the intersection of the two major narratives this cycle, which are meme coins and Bitcoin,” the token’s pseudonymous creator, Leonidas, instructed Decrypt.
“Solana and Ethereum each luxuriate in dog coins which are identical to three% of the worth of the chain’s native forex so many other folks are expecting a identical phenomenon to play out between DOG and Bitcoin,” he said.
Edited by Sebastian Sinclair
