The DOG•GO•TO•THE•MOON meme token, which was introduced by Leonidas, the founder of Ord.io, has achieved a remarkable milestone in its journey. It has now risen to become the 8th largest meme coin in terms of market capitalization. This token seamlessly combines the enjoyment of a meme coin with the reliability of Bitcoin and the efficiency of the Runes protocol. As of now, its market value has skyrocketed to an impressive $932 million. The Runes protocol utilizes the inherent features of Bitcoin, along with its Unspent Transaction Outputs (UTXO) model, to directly create, mint, and transfer tokens on the blockchain. By being Runes-based, the DOG token aligns itself with the fundamental principles of Bitcoin, contributing to the network’s integrity and minimizing the creation of unnecessary “dust” UTXOs.
