From Joke to $20 Billion: The 12-Year Magical Evolution of Dogecoin

2025-12-07 10:20:18

Abstract generation in progress

[Crypto World] 12 years have passed, and who could have thought that a joke back then would become a legend.

On December 6, 2013, two programmers—Billy Markus and Jackson Palmer—casually created a parody project, which is the DOGE you see today. Markus now calls himself “Shibetoshi Nakamoto” on X, showing he’s got a sense of humor. A few days ago, he posted a tweet, and 2.26 million followers watched him reminisce about this “magical reality.”

From nobody to somebody, what level is Dogecoin at now? Ninth place in the global cryptocurrency rankings. Market cap? $22.56 billion. Price per coin? $0.1396.

For a meme coin to come this far, it’s nothing short of magical. A weekend joke by two engineers 12 years ago is now a project worth over $20 billion. The market truly is absurd—take it too seriously and you lose. But the data doesn’t lie.

DOGE-0.93%

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ser_aped.eth

· 13h ago

LOL, the joke coins from back then now have a market cap of over 20 billion. No wonder so many people are all in on meme coins.

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MEV_Whisperer

· 13h ago

Turn a joke into a global top ten—this is the crypto world... Those who take it seriously die, those who don’t take it seriously take off. It’s totally absurd.

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SatoshiChallenger

· 13h ago

Ironically, this thing now has a market cap of $22.5 billion, worth more than a bunch of projects with real-world applications [smirk]. Data shows: every time meme coins break out of their niche, it’s always followed by a wave of liquidations. I’m not nitpicking, but this logic would’ve made sense in 2008 too—look how that turned out. What’s interesting is that Markus is now worth billions, while the real tech guys are still struggling with gas fees. Objectively speaking, for a coin that started as a weekend joke to become the ninth largest globally, that’s a social experiment in itself. Bubble cycles definitely exist, but why does someone always pretend not to see it every time? If you take it seriously, you lose? Then how do you explain those who lost money? Calling the market "irrational" is too gentle—it should be called "collective madness."

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SlowLearnerWang

· 13h ago

Damn, did they really end up with 20 billion just by playing around back then? I only got in last year, kind of regret not jumping on the bandwagon earlier lol 233

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