The meme coin 'Dividend Doge', based on the BSC chain, briefly reached a market capitalization of $10 million before falling back to approximately $7.6 million. Currently priced at $0.0076, the coin saw a 24-hour increase of about 55%. The surge was largely driven by FOMO sentiment, reminiscent of the previous meme coin GOUT, which experienced a thousandfold increase and a market cap peak of $14 million before plummeting.
'GOUT', which once won the BNB Chain Meme Trading Competition in December 2024, has since seen its market value drop below $2 million. The 'Dividend Doge' project, rebuilt by the GOUT team on the Flap platform, includes a new dividend mechanism that supports automatic WBNB distribution, aiming to replicate GOUT's past success.
Meme Coin 'Dividend Doge' Hits $10M Market Cap Before Decline
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