GMGN Data shows that the market value of DOGE, a meme coin on the Ethereum chain, has exceeded US$200 million and is now quoted at US$0.1946, with a 24-hour increase of over 33.4% and the currency price reaching a record high. This meme coin originated from Musk’s previous tweet DOGE (Department of Government Efficiency).
On November 7, Musk updated his Twitter profile to “The people voted for major government reform.” BlockBeats reminds users that there are currently no actual use cases for meme coins, and users should be cautious when investing.
