History of Dogecoin in Timeline

Dogecoin is a cryptocurrency created in 2013 by Billy Markus and Jackson Palmer as a satirical take on the cryptocurrency craze. Featuring the Shiba Inu dog from the "doge" meme as its logo, it quickly gained popularity and developed a strong online community. Despite its origins as a joke, Dogecoin achieved a peak market capitalization of over $85 billion in May 2021. Known as the first "meme coin", Dogecoin is now used in various contexts, including as a sleeve sponsor for Watford Football Club.

December 6, 2013: Dogecoin Official Launch

On December 6, 2013, Dogecoin was officially launched by Billy Markus and Jackson Palmer. Within the first 30 days, Dogecoin.com had over 1 million visitors.

December 6, 2013: Dogecoin Introduction

On December 6, 2013, Dogecoin was introduced by Billy Markus and Jackson Palmer as a cryptocurrency payment system created as a joke.

December 19, 2013: Dogecoin Value Jump

On December 19, 2013, Dogecoin's value jumped nearly 300% in 72 hours, rising from $0.00026 to $0.00095, with billions of Dogecoins traded per day.

December 25, 2013: Dogewallet Hacking

On December 25, 2013, millions of Dogecoins were stolen from the online cryptocurrency wallet platform Dogewallet due to a hack. The Dogecoin community started the "SaveDogemas" initiative to help those who lost funds.

January 2014: Dogecoin Trading Volume Surpasses Others

In January 2014, Dogecoin's trading volume briefly surpassed that of all other cryptocurrencies combined.

January 19, 2014: Dogecoin Fundraiser for Jamaican Bobsled Team

On January 19, 2014, the Dogecoin community established a fundraiser to raise $50,000 for the Jamaican Bobsled Team to attend the Sochi Winter Olympics.

February 2014: Limit Not Added to Codebase

In February 2014, Jackson Palmer announced that the Dogecoin supply limit would not be added in the codebase, aiming for a consistent inflation rate.

March 2014: Update to Static Block Reward

In March 2014, Dogecoin's mining reward system was updated to a static block reward, moving away from a randomized reward for each block.

March 25, 2014: Dogecoin Sponsors Josh Wise's NASCAR Car

On March 25, 2014, the Dogecoin community raised Ð67.8 million to sponsor NASCAR driver Josh Wise. The No. 98 car featured a Dogecoin/Reddit-sponsored paint scheme at the Aaron's 499.

May 16, 2014: Wise Wins Spot at Sprint All-Star Race

On May 16, 2014, Josh Wise won a spot at the Sprint All-Star Race through an online fan vote, largely due to the efforts of the Dogecoin Reddit community.

2014: Dogecoin Foundation Fundraising

In 2014, The Dogecoin Foundation collected donations to build a well in the Tana river basin in Kenya for World Water Day.

2015: Ð100 Billion Dogecoin Mined

By mid-2015, the 100 billionth Dogecoin had been mined, with an additional Ð5 billion put into circulation every year thereafter.

2015: Jackson Palmer Leaves Dogecoin

In 2015, Dogecoin co-founder Jackson Palmer left the cryptocurrency community, expressing concerns about its exploitative nature.

May 2017: Dogetipbot Discontinuation

In May 2017, Dogetipbot was discontinued and taken offline after its creator declared bankruptcy, leading to users losing coins stored in the system.

2017: Cryptocurrency Bubble

During 2017, Dogecoin experienced a cryptocurrency bubble.

January 7, 2018: Dogecoin Reaches Peak During Bubble

On January 7, 2018, during the cryptocurrency bubble, Dogecoin briefly reached a peak of $0.017, with a market capitalization near $2 billion.

July 2020: TikTok Trend Spike

In July 2020, the price of Dogecoin spiked following a TikTok trend aimed at getting Dogecoin to $1.

December 20, 2020: Musk's First Dogecoin Tweet

On December 20, 2020, Elon Musk tweeted "One Word: Doge," causing the value of Dogecoin to rise by 20%.

January 2021: Dogecoin Surge

In January 2021, Dogecoin's value went up over 800% in 24 hours, reaching $0.07 due to attention from Reddit users, partly encouraged by Elon Musk.

February 2021: New High Price After Twitter Encouragement

In February 2021, Dogecoin hit a new high price of $0.08 following Twitter encouragement from Elon Musk, Snoop Dogg, and Gene Simmons.

February 2021: Musk's Dogecoin Tweets

In early February 2021, Elon Musk tweeted "Dogecoin is the people's crypto" and "no highs, no lows, only Doge," causing the value of Dogecoin to rise by roughly 40%.

March 2021: Dallas Mavericks Accept Dogecoin

In March 2021, Dallas Mavericks owner Mark Cuban announced his NBA team would allow purchasing tickets and products with Dogecoin.

April 15, 2021: Dogecoin Price Rise After Musk's Tweet

On April 15, 2021, the price of Dogecoin rose by more than 100% after Elon Musk tweeted an image of Joan Miró's Dog Barking at the Moon painting captioned "Doge Barking at the Moon".

April 2021: Dogecoin Surge and Robinhood Outage

In April 2021, Dogecoin surged, partly due to Coinbase's direct listing. Dogecoin reached $0.45 on April 16, with a nearly $70 billion volume traded. Interest in Dogecoin contributed to an outage in Robinhood's cryptocurrency system on April 15.

May 4, 2021: Dogecoin Surpasses $0.50

On May 4, 2021, the value of Dogecoin first surpassed the symbolic hurdle of $0.50.

May 5, 2021: Peak Market Capitalization

On May 5, 2021, Dogecoin reached a peak market capitalization of over US$85 billion.

May 8, 2021: Dogecoin Falls During Musk's SNL Appearance

On May 8, 2021, Dogecoin fell as much as 29.5%, dropping to US$0.49 during Elon Musk's Saturday Night Live appearance.

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May 9, 2021: SpaceX Dogecoin-funded Mission Announcement

On May 9, 2021, SpaceX announced a rideshare mission to the Moon completely funded by Dogecoin, making it the first space mission funded by a cryptocurrency.

May 20, 2021: Dogecoin Rises After Musk's Tweet

On May 20, 2021, Dogecoin rose by 11% shortly after Elon Musk tweeted a Doge-related meme.

August 14, 2021: Dogecoin Foundation Re-establishment

On August 14, 2021, the Dogecoin Foundation announced its re-establishment, focusing on supporting the Dogecoin Ecosystem, Community, and promoting the future of the Dogecoin Blockchain.

December 14, 2021: Tesla to Accept Dogecoin for Merchandise

On December 14, 2021, Dogecoin spiked more than 20% after Elon Musk said that Tesla would accept the currency as a means of payment for Tesla merchandise.

2021: Dogecoin Co-sponsors NASCAR Car

In 2021, Dogecoin co-sponsored the No. 99 NASCAR Xfinity Series car of B. J. McLeod Motorsports in the Alsco Uniforms 300 at Las Vegas.

June 16, 2022: Complaint Naming Elon Musk

On June 16, 2022, Elon Musk was named in a complaint seeking damages of $258 billion for promoting Dogecoin and artificially inflating its price.

October 27, 2022: Musk Completes Twitter Acquisition

On October 27, 2022, Elon Musk completed a deal to take Twitter private, leading to a rise in the price of Dogecoin from October 25 to October 29.

2022: Potential DOGE-1 Delay

In 2022, the DOGE-1 CubeSat mission, initially planned for Q1 2022, was delayed to a potential later mission.

April 7, 2023: Twitter Logo Replaced With Doge Meme

Between April 3 and April 7, 2023, Twitter's bird logo was replaced with an image of the Doge meme for desktop users, leading to a rise in Dogecoin prices.

April 2023: Logo change on Twitter app increases Dogecoin value

In April 2023, a Dogecoin increase was attributed to Elon Musk temporarily changing the logo on the Twitter app to a Doge logo.

June 2023: Elon Musk accused of insider trading

In June 2023, Elon Musk was accused of insider trading by investors based on a series of stunts including the change of logo.

August 29, 2024: Lawsuit Dismissal

On August 29, 2024, Elon Musk and Tesla won the dismissal of a federal lawsuit accusing them of defrauding investors by hyping Dogecoin and conducting insider trading.

November 14, 2024: Trump Announces New Department of Government Efficiency (DOGE) Led by Musk and Ramaswamy

On November 14, 2024, president-elect Donald Trump announced Elon Musk and Vivek Ramaswamy would lead a new Department of Government Efficiency (DOGE). The price of Dogecoin increased following the announcement.