The impact of #土狗冲锋 Dogecoin on the cryptocurrency market is a double-edged sword. On one hand, it enhances market activity and liquidity, attracting more investors' attention; on the other hand, its high-risk characteristics, speculative behavior, and negative impact on market reputation make it a controversial area within the cryptocurrency market. Investors participating in Dogecoin-related projects should fully assess the risks, operate cautiously, and avoid losses due to blind following.