From Mockery to Trillion-Dollar Carnival: The Traffic Game and Capital Truth of DOGE Coin
**Subtitle: 60% of the chips are controlled by whales. Is a meme coin that can skyrocket by 300% with Elon Musk's endorsements a wealth code or a castle in the sky?**
The birth of DOGE Coin was originally a programmer's mockery of the cryptocurrency speculation boom - a Shiba Inu meme coin written in half a day of code in 2013 unexpectedly ignited a global carnival. It does not have the "digital gold" properties of Bitcoin, nor the ecological support of platform coins, and even has unlimited issuance (an annual increase of 5 billion coins), but it has been pushed to the altar by capital.
**Crazy Pricing Under Traffic Manipulation**
- Elon Musk's tweet can make DOGE skyrocket by 300% in 48 hours, and it will collapse instantly when attention shifts
- The top 100 addresses control more than 60% of the chips, and a few large households can freely manipulate the price
- Payment scenarios are almost zero, and the price is purely supported by emotions
**The Gambling Game of Retail Investors**
DOGE is essentially an "online interactive art":
- Early players got rich by traffic dividends
- Late followers bear the risk of going to zero
- The "decentralization" touted by the community is actually a whale game
**Tiange's Sharp Comment**
DOGE is a thermometer of the cryptocurrency circle's emotions, not a value benchmark. Speculation that deviates from technology and application scenarios will eventually return to the original point - after the excitement, the naked swimmers appear.
**Follow Tiange to unlock more on-chain data truths and refuse to be harvested by traffic!**
