Dogecoin DOGE, a meme coin created as a joke, has seen a groundswell of Twitter activity in the past 24 hours after attention was thrown on the coin by the nowinfamous Reddit group responsible for pumping the share price of GameStop.
Dogecoins Twitter volume the number of daily tweets versus the 30day average skyrocketed 1,787 on Thursday, according to crypto data provider The TIE. In total, there were 89,991 tweets about DOGE over a 24hour period.
In fact, The TIEs data suggests its the first time any altcoin has surpassed Bitcoin in terms of volume. In addition to seeing a spike in Twitter activity, Dogecoin experienced a similar surge in trading volume. The digital currencys price appreciated 223 over the 24hour period.
The DOGE price appears to have spiked due to worldwide attention on rWallStreetBets, the Reddit group that successfully caught Wall Street sellers in a short squeeze by gobbling up shares of GameStop and AMC. Although the subreddits moderators have attempted to remove any attempts to pump the DOGE price, Reddit users on other channels have left subtle hints to invest in the cryptocurrency.
At the time of writing, DOGE was valued at 0.024 for a total market capitalization of just under 3.1 billion. It has surpassed cryptocurrencies Tezos, Monero and EOS following its latest spike.