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From meme to giant: Dogecoin marks 12th anniversary
On December 6, 2025, Dogecoin officially turned 12 years old. A project that once became part of the altcoin bubble during the 2013 bull market has outlived most of its peers and currently ranks ninth among cryptocurrencies by market capitalization, exceeding $22 billion.
Dogecoin officially marked the 12th anniversary of its creation. The founders of the crypto project, Billy Markus and Jackson Palmer, reminded users about it on the social network X.
“12 years ago I did something stupid, then more stupid things happened, and now I talk about it to 2.15 million followers on the internet. Happy 12th Genesis Day, Dogecoin!” wrote Shibetoshi Nakamoto (the pseudonym used by Billy Markus) on his page.
Palmer congratulated Doge fans with the words: “May your bags always be shiny, may your vibes stay diamond, and may this pack of lunatics never break apart. Together to the Moon. Love you all forever.”
The secret of Dogecoin’s origin and rise
As noted by Cryptopolitan, following Bitcoin’s creation in 2009, there were no alternative cryptocurrencies for two years. People were still studying blockchain and mining, and at that time Bitcoin was mined using CPUs.
In 2011, the first altcoin, Namecoin, was created. Other altcoins such as Litecoin, Peercoin, and Feathercoin were launched in 2011–2012. Most altcoins were technical experiments and did not attract any real interest from retail investors.
The cryptocurrency market was filled with complicated technical terms. In late 2013, BTC skyrocketed from $13 to $1,100, and altcoins began to attract retail investors.
That’s when Billy Markus and Jackson Palmer, who were serious about cryptocurrencies, decided to create Dogecoin. They chose a photo of a Japanese Shiba Inu dog, which had become a meme, as the logo. Palmer worked on the DOGE website, while Markus developed the memecoin and released it to the world.
The project achieved unexpected success. In its first month, the Dogecoin website attracted 1 million visitors. Reddit users began using DOGE as a tipping currency. After just two weeks, DOGE surpassed BTC in daily transaction volume. On December 19, 2013, the price of DOGE surged by approximately 300% in 72 hours, rising from $0.00026 to $0.00095.
In 2021, Dogecoin experienced another rapid surge thanks to support from Elon Musk. At that time, the memecoin’s price jumped to $0.7316 and came close to $1.
At different periods of its existence, Dogecoin helped raise funds for a number of charitable organizations. The Dogecoin community built clean water wells in Kenya and also helped the Jamaican bobsled team travel to the Winter Olympics in Sochi.
The cryptocurrency gained even more popularity when, in 2024–2025, Elon Musk named the U.S. Department of Government Efficiency (DOGE), which he headed in the Donald Trump administration, after the memecoin.
DOGE price dynamics over the past 24 hours. Source: CoinMarketCap
At the time of writing, DOGE ranked ninth on CoinMarketCap with a market capitalization exceeding $22 billion. Its 24-hour trading volume reached $745 million, while the price was $0.137, although the memecoin had lost around 2% in value over the past 24 hours.
As we wrote, Whale accumulation — Dogecoin demonstrates resilience as price consolidates near $0.14
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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