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 a dedicated online community. Despite its origins as a joke, Dogecoin has achieved significant market capitalization, even becoming a sponsor for Watford Football Club. It is considered the first meme coin.

December 6, 2013: Dogecoin Officially Launched

Dogecoin was officially launched on December 6, 2013, by Billy Markus and Jackson Palmer as a peer-to-peer digital currency, attracting over 1 million visitors to Dogecoin.com within the first 30 days.

December 6, 2013: Dogecoin Introduction

On December 6, 2013, Dogecoin, a cryptocurrency featuring the "doge" meme, was introduced by software engineers Billy Markus and Jackson Palmer as a joke payment system.

December 19, 2013: Dogecoin Value Jumps Nearly 300%

On December 19, 2013, Dogecoin experienced a nearly 300% increase in value within 72 hours, rising from $0.00026 to $0.00095 amid high trading volumes.

December 25, 2013: Dogewallet Hacking Incident

On December 25, 2013, millions of Dogecoins were stolen from the Dogewallet platform due to a hack, making Dogecoin the most mentioned altcoin on Twitter at the time, prompting the "SaveDogemas" initiative to recover the stolen funds.

January 2014: Dogecoin Trading Volume Surpasses Other Cryptocurrencies

In January 2014, Dogecoin's trading volume briefly surpassed that of all other cryptocurrencies combined, although its market capitalization remained lower than Bitcoin's.

January 19, 2014: Dogecoin Community Fundraises for Jamaican Bobsled Team

On January 19, 2014, the Dogecoin community started a fundraiser to raise $50,000 for the Jamaican Bobsled Team to attend the Sochi Winter Olympics, with the Dogecoin to Bitcoin exchange rate rising by 50%.

February 2014: Dogecoin Limit Removed for Consistent Inflation

In February 2014, Jackson Palmer announced that the initial supply limit of Ð100 billion Dogecoins would not be added to the codebase to maintain a consistent inflation rate over time.

March 2014: Dogecoin Updated to Static Block Reward

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

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

On March 25, 2014, the Dogecoin community successfully raised Ð67.8 million (around US$55,000) to sponsor NASCAR driver Josh Wise, featuring a Dogecoin/Reddit-sponsored paint scheme on the No. 98 car.

May 16, 2014: Josh 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 driven by the Dogecoin Reddit community, finishing the race in fifteenth place. Eutechnyx added the Dogecoin car to the NASCAR '14 video game.

2014: Dogecoin Foundation Raises Funds for Water Well in Kenya

In 2014, the Dogecoin Foundation raised over US$30,000 to build a well in the Tana river basin in Kenya for World Water Day, in cooperation with Charity: Water.

2014: Original Dogecoin Foundation Establishment

The Dogecoin Foundation was originally established in 2014.

2015: 100 Billionth Dogecoin Mined

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

2015: Jackson Palmer Leaves Dogecoin

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

May 2017: Dogetipbot Discontinuation

In May 2017, Dogetipbot, a cryptocurrency transaction service used on Reddit and Twitch, was discontinued and taken offline after its creator declared bankruptcy, resulting in users losing coins stored in the system.

2017: Dogecoin Growth During Crypto Bubble

During 2017, Dogecoin experienced growth as part of the broader cryptocurrency bubble.

January 7, 2018: Dogecoin Reaches Peak During Crypto Bubble

On January 7, 2018, during the cryptocurrency bubble, Dogecoin reached a peak value of $0.017, bringing its total market capitalization near $2 billion.

July 2020: Dogecoin Price Spike Due to TikTok Trend

In July 2020, Dogecoin's price spiked due to a TikTok trend aimed at pushing its value to $1.

December 20, 2020: Elon Musk's First Dogecoin Tweet

On December 20, 2020, Elon Musk tweeted "One Word: Doge", leading to a 20% increase in Dogecoin's value.

January 2021: Dogecoin Surges Following Reddit Attention

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

February 2021: Dogecoin Hits New High After Celebrity Endorsements

In February 2021, Dogecoin reached a new high price of $0.08 after endorsements from Elon Musk, Snoop Dogg, and Gene Simmons on Twitter.

February 2021: Musk's Dogecoin Tweets Boost Value

In early February 2021, Elon Musk's Dogecoin-related tweets, including "Dogecoin is the people's crypto", caused Dogecoin's value to rise by roughly 40%.

March 2021: Dallas Mavericks Accept Dogecoin

In March 2021, Dallas Mavericks owner Mark Cuban announced that his NBA team would accept Dogecoin for tickets and merchandise, quickly becoming the top Dogecoin merchant.

April 15, 2021: Dogecoin Rises After Musk's "Doge Barking at the Moon" Tweet

On April 15, 2021, Dogecoin's price increased by more than 100% after Elon Musk tweeted an image of Joan Miró's Dog Barking at the Moon, interpreted as a reference to the term "to the moon."

April 2021: Dogecoin Surges Amid Cryptocurrency Excitement

In April 2021, Dogecoin experienced a significant surge, influenced by the direct listing of Coinbase, reaching $0.45 and a market capitalization near $50 billion, though Coinbase did not offer Dogecoin trading at the time.

May 4, 2021: Dogecoin Surpasses $0.50 Hurdle

On May 4, 2021, the value of Dogecoin surpassed the $0.50 mark for the first time.

May 5, 2021: Dogecoin Market Cap Peak

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

May 8, 2021: Dogecoin Falls During Musk's Saturday Night Live Appearance

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

Loading Video...

May 9, 2021: SpaceX Announces Dogecoin-Funded Moon Mission

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 Doge-Related Tweet

On May 20, 2021, Dogecoin rose by 11% 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 with a focus on supporting the Dogecoin ecosystem, community, and blockchain future, with notable advisors such as Vitalik Buterin and Jared Birchall joining its Board.

December 14, 2021: Tesla to Accept Dogecoin for Merchandise

On December 14, 2021, Dogecoin's value increased by more than 20% after Elon Musk announced that Tesla would accept Dogecoin as payment for merchandise.

2021: Dogecoin Co-Sponsors NASCAR Xfinity Series 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, driven by Stefan Parsons.

June 16, 2022: Elon Musk Named in $258 Billion Dogecoin Lawsuit

On June 16, 2022, Elon Musk was named in a $258 billion lawsuit, with the plaintiff accusing him of using his influence to artificially inflate Dogecoin's price.

October 27, 2022: Elon Musk Completes Twitter Acquisition

On October 27, 2022, Elon Musk finalized his acquisition of Twitter, leading to a rise in Dogecoin's price from October 25 to October 29.

2022: DOGE-1 Mission Delay

In 2022, the launch of DOGE-1, a CubeSat and minor payload on Intuitive Machines' IM-1 mission, was delayed to a potential later mission.

April 7, 2023: Twitter Logo Changed to Doge Meme

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

April 2023: Dogecoin Increase Attributed to Twitter Logo Change

In April 2023, a Dogecoin increase was linked to Elon Musk's temporary change of the Twitter logo to a Doge logo.

June 2023: Musk Accused of Insider Trading

In June 2023, Elon Musk was accused of insider trading by investors due to a series of stunts, including changing the Twitter logo.

August 29, 2024: Dismissal of Dogecoin Lawsuit Against Elon Musk and Tesla

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 DOGE Leadership

On November 14, 2024, Donald Trump announced Elon Musk and Vivek Ramaswamy as leaders of the new Department of Government Efficiency (DOGE). This announcement led to a spike in the price of Dogecoin.