# Who Let the DOG Out?

By [aundingoya.eth](https://paragraph.com/@aundingoya.eth) · 2024-06-05

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Bitcoin's DOG Meme Coin Soars to Near $1B Market Cap!

DOG, launched on Runes protocol, sees a 200% surge in a month, nearing $1 billion market cap. Despite a 60% slump post-launch, DOG becomes the largest meme coin on Bitcoin, seventh overall.

This surge follows a trend of meme-coin activity; DOG's rise highlights Runes' legitimacy as a Bitcoin layer-2 network. With over $100 million in trading volume in 24 hours, DOG sparks speculation on its potential success.

Note: Meme coins like DOG are highly volatile, driven by social media rather than a specific use case.

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*Originally published on [aundingoya.eth](https://paragraph.com/@aundingoya.eth/who-let-the-dog-out)*