Bit Origin’s Dogecoin Gambit: Meme or Disaster? 🐕💸

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Oh, so the altcoin race has a new contender? Let’s talk about Bit Origin’s latest move, which is basically a crypto version of “I’m gonna make you rich, baby!” 💸🐕

Bit Origin’s Dogecoin long bet

Bit Origin announced it’s selling $400 million in shares and $100 million in convertible debt. Because nothing says “long-term growth” like buying more Dogecoin. 🐕📈 Their stock price is now a mere $0.70, but hey, at least they’re “investing in the future”! 💸

One of their reasons? Elon Musk loves Dogecoin. Because nothing says “serious business” like a billionaire’s jokes. 🐕😂

Jinghani Jiang says Dogecoin is the “shared culture of optimism”… sure, because nothing says “optimism” like a dog with a hat. 🐾✨

But X hasn’t confirmed it yet. So, basically, Bit Origin is betting on a “maybe” and hoping the universe gives them a high-five. 🙌🙏

“I make dogecoin jokes because I like it.” — Elon Musk, who clearly has no idea what he’s doing. 🐕😎

Dogecoin ETFs are still pending, but hey, why not throw money at the problem and hope for the best? 🎯💸

And before Bit Origin, Freight Technologies had a $20 million Trump token. Because nothing says “serious investment” like a token named after a president. 🇺🇸💸

Bit Origin’s problematic background

Bit Origin started as a Singapore-based company, then became a Bitcoin miner, then… Dogecoin. It’s like a crypto version of a chameleon. 🦎💰 Their stock went from $120 to $0.70. That’s a drop so steep, it’s like a cliff diving competition. 🏔️💸

Special place of Dogecoin in the altcoin space

Dogecoin was a parody, but now it’s a major player. Because who doesn’t want a cryptocurrency that’s basically a joke? 🐕😂

No one’s working on it, but the community’s like, “We got this!” It’s like a group project where everyone’s just winging it. 🧑‍🤝‍🧑💸

Don’t think much about it, $DOGE to $1? 👀 — Crypto Rand, who clearly has no life. 🐕💰

Jinghani Jiang says Bit Origin will be as community-driven as Dogecoin itself. Which, honestly, is a recipe for chaos. 🐾💥

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2025-07-20 21:19