DOGE Goes Ballistic: Dogecoin Surges 402% Amid Frenzy and Baskin's Unlikely Endorsement

Dogecoin has been on a wild ride over the past day, surging to an all-time high after rising 402% in just 24 hours. The cryptocurrency, which was trading at $0.01434 just yesterday, peaked at $0.07797 before settling back down to around $0.05394. This explosive growth has propelled Dogecoin into the top 11 coins by market cap, surpassing Binance Coin, Uniswap, Aave, and Bitcoin SV.

The catalyst for this sudden surge is unclear, but it's likely linked to the current market frenzy sparked by Wall Street Bets' crusade against hedge funds short-selling GameStop. However, a surreal endorsement from Carole Baskin of Tiger King fame may also be contributing to Dogecoin's rise.

In a video posted to TikTok, Baskin appealed for donations in DOGE, mispronouncing the name as 'Dodgecoin' throughout the 30-second spot. Despite this amusing gaffe, her appeal seems to have sparked enthusiasm among investors, with Dogecoin's market cap now standing at $6.7 billion and trading volumes exceeding Polkadot, XRP, Cardano, and Chainlink combined.