Coinciding with the surge is the hashtag #DogecoinArmy, which is trending in several countries including Pakistan, the United States, and the United Kingdom. The trending hashtag follows days of organised effort from Doge investors on Reddit.
The move to coordinated trading efforts to pump the price was similar to the GameStop-style meme success from r/WallStreetBets this week.
On r/WallStreetBets, grassroots investors conspired to frantically buy GameStop’s shares to push up its stock prices, forcing hedge funds to buy up even more.
Today’s surge is the continuation of the Dogecoin hype that started earlier this week. But that hype was sharply interrupted when Dogecoin fell by 39.74% in the past 24 hours.
Dogecoin started out as a ‘meme coin’ intended to poke fun at Bitcoin knockoffs, but the coin is so popular that its market capitalization is $9.3 billion, making it the 14th largest cryptocurrency by market cap, according to metrics site CoinMarketCap.
The Hyperliquid platform's native token, HYPE, is today the strongest performer among top 15 assets by market cap—excluding stablecoins. Its seven-day gains have outpaced major altcoins as Bitcoin volatility posts record lows for the year, pushing a relatively stable trading pattern.
HYPE traded at $41.31, down 0.3% on the day, yet maintaining strong momentum with 12.4% weekly gains and 67.2% monthly appreciation, according to data from CoinGecko. It has sustained this uptrend since mid-May, wit...
The investment firm of famed tech investor Cathie Wood remains bullish on Bitcoin as its price has climbed back near its recently established all-time high of $111,814.
Aggregate unrealized profit levels, Bitcoin ETF flows, and key support levels converging are among "bullish" indicators for the top crypto asset, according to ARK Invest’s monthly Bitcoin report for May.
“Bitcoin has not hit irrational exuberance,” reads one of the report’s key takeaways.
One notable sign that Bitcoin hype has...
Bitcoin Core developers have confirmed plans to remove long-standing data storage restrictions in the upcoming version 30 release, scheduled for October 30.
The change essentially eliminates Bitcoin's current 80-byte limit on OP_RETURN outputs, which are special transaction fields that allow users to embed arbitrary data on the blockchain. Under the new rule, transactions can include multiple OP_RETURN outputs, each potentially containing up to 4MB of data.
“Bitcoin Core is just one protocol imp...
