A Shiba Inu avatar token is pulling top global institutions and retail investors into the same grand feast.

"Buy Dogecoin, this will be the next big trend." In 2013, programmer Jackson Palmer casually tweeted a comment that unexpectedly launched the most magical story in cryptocurrency history. No one took it seriously, but it turned out to be true.

By July 2025, Dogecoin's weekly increase exceeded 38%, with its market capitalization soaring to $39 billion. Even more impressive, Bloomberg analysts directly stated that the probability of spot ETF approval is 90%, and publicly traded companies have already begun to include it in their asset allocations. What’s behind this? Real capital is betting on it.

**The Crazy Data of Meme Coins**

By mid-2025, the total market cap of dog-themed meme coins skyrocketed to $56.4 billion, accounting for 62% of the entire meme coin market. Over $25 billion in daily trading volume flows through these tokens with dog IPs. Retail investors are going crazy, and institutions are also going wild.

Nasdaq-listed company Bit Origin officially announced: investing $500 million to establish a Dogecoin treasury, and the plan is already underway. For the first time, Wall Street’s spotlight is so straightforwardly focused on an asset that was once considered a joke.

**From Dark Humor to Capital Darling**

The story begins at the end of 2013. Engineer Billy Markus just wanted to poke fun at the then-current crypto speculation craze. He spent three hours almost copying Bitcoin’s code and created Dogecoin. Changing the name, replacing "mining" with "digging holes," and setting the total supply to 100 billion (later modified), this satirical experiment unexpectedly became a phenomenon-level asset.

No one could have predicted that this initial joke would evolve into today’s grand scene.