When Memes Were Dreams

Remember 2021, when everything felt possible and memecoins were going vertical? The official Dogecoin (DOGE) X account certainly does. On Monday, they dug up social media influencer Natalie Burdick's viral song from that glorious bull run—the one with lyrics like "We're gonna take Dogecoin to the moon, making this crypto mean $1 soon."

They called it an "earworm" that'll be stuck in your head forever. Which, to be fair, is probably true. But whether it'll actually take DOGE to the moon is another question entirely.

Reality Check

When Burdick first posted that song, Dogecoin was in the middle of a truly bonkers rally—up nearly 6,000%. The $1 dream felt real. But the dog-themed memecoin topped out at $0.73, then never made it back.

Last year's peak of $0.45 came closest to recapturing the magic. Today? DOGE is trading at $0.1289, down 5.06% in the last 24 hours and sitting 82% below its all-time high. It's down 60% year-to-date, making it one of 2025's worst-performing large-cap cryptocurrencies.

The decline isn't just about price. Open interest has collapsed 77% since mid-September, according to Coinglass. The enthusiasm, it seems, has left the building.