On November 8, the market value of the Meme coin DOGE on the Ethereum chain exceeded US$140 million, with a 24-hour increase of more than 120%. This increase was due to Elon Musk’s recent tweet promoting the coin, as h
e updated his Twitter profile to “The people voted for major government reform.” However, it’s important to note that there are currently no actual use cases for meme coins, and users should be cautious when investing.
