sponsor a Nascar driver and bring water to a drought-stricken region of Kenya.The attention such stunts brought to Dogecoin saw its value rise even further and within a year its market cap had ...

A major driver behind this optimism is the surge in whale activity. In just 24 hours, Dogecoin whales have made over $23 billion in transactions, marking a 41% increase in large-scale transactions.

Capital may soon start to flow into Dogecoin from new sources. There's no guarantee that those flows will start anytime soon. Nor does the possibility of new inflows reduce the risks here.