Just some analysis: $DOG is currently at a $404M market cap. The second-largest rune by market cap is Magic Internet Money ($MIM), at $43M. That means its market cap is 11% of $DOG’s. On Ethereum, the top memecoin by market cap is $SHIB at $8.5B, followed by $PEPE at $5.7B. That means the second memecoin’s market cap is 67% of the first. On Solana, it’s a similar story: $BONK sits at $2.8B and $TRUMP at $2B, making the second one worth about 70% of the first. Even if you bring in $PENGU in third place at $1.9B, you get a comparable ratio. If you bring in $PUPS at $21M, that means it’s worth just 5% of $DOG’s market cap. So, there are some very clear plays to be made in the Bitcoin ecosystem, just by looking at the data from other ecosystems. But even if you consider historical data within Bitcoin, during the last run in November 2024, $DOG reached a $960M market cap, $MIM hit $205M (under $WZRD), and $PUPS reached $360M. P.S. $DOG is still heavily undervalued compared to the top memecoins on Ethereum and Solana, for example, it’s 20x below $SHIB’s current market cap.