This meme arrived in the middle of an intense period at the end of January when Doge exploded, going from less than a penny to four cents in a matter of hours.
Overnight, Doge went from a comic afterthought to a cultural force.
Doge’s early 2021 run overlapped with the meme stock frenzy involving GameStop, AMC, and Robinhood.
The events of late January captured headlines, halted markets, and led to CEOs and retail investors alike testifying before Congress.
Retail investors, it emerged, were using memes to establish communities around certain stocks and assets, making it difficult for big-money players to manipulate markets in their customary ways.
Memes had gone fiscal like never before, and even the stodgiest of Wall Street blue bloods could no longer afford to ignore their power.
At the time of the “Dogue” meme, Doge still had doubters, but didn’t look back, carrying its meme momentum into February and beyond.