Airdrop Army

Dogecoin (DOGE) took a wild leap over the past 24 hours, with the meme coin powerhouse blasting 20% higher as of 9:44 a.m. EDT. This latest surge shows DOGE locking in a staggering 127% gain over the last month, giving it a rock-solid position in the meme coin kingdom. As crypto’s meme coin OG, Dogecoin is now gripping 40.19% of the entire meme coin market. This spike bumps DOGE’s market cap up to a hefty $36.17 billion, claiming the seventh spot on the global crypto leaderboard.

DOGE Dominates the Meme Coin Economy with Massive Supply and Demand

The whole meme coin universe has been sizzling, growing 18.9% to reach over $90 billion. DOGE is anchoring much of this heat with a whopping $8.85 billion in global trading volume, placing it fifth in total trading volume. Currently trading at $0.239, DOGE is being pushed forward by a circulating supply of around 146.7 billion DOGE held by 7 million users. And here’s where things get concentrated—the top 10 DOGE wallets alone control nearly 44% of the supply, while the top 100 holders sit on close to 65%.

Mining Power Surge: DOGE Network Secures at 1.23 PH/s

Mining-wise, the Dogecoin network flexes solid support from miners, contributing 1.23 petahash per second (PH/s). This mining power spiked back on Oct. 16, hitting a peak at 3.77 PH/s at block height 5,422,073. With such a high hash rate, miners are locking down DOGE’s network integrity, adding fuel to this meme coin’s ongoing rally.