Kraken is now live with $DOG
The history and architecture behind Runestone and $DOG is one of the most principled experiments we’ve seen on Bitcoin, and it deserves to be properly understood.
On January 22, 2024, @LeonidasNFT proposed a fully open-source airdrop for the Ordinals community. The plan: no team share, no insiders, no misleading marketing, and only volunteer contributors. The goal was to reward 100,000 of the most active Ordinals users based purely on on-chain activity, capped at one per address. This was designed to prevent whales from dominating the supply and to encourage true decentralization.
By January 25, the Runestone concept was introduced. Its mission was to create a transparent, fair, and decentralized reward mechanism for those who helped build the Ordinals ecosystem in its earliest days. Snapshot block 826,600 was chosen to mark the one-year anniversary of Ordinals going live. The airdrop mechanics and eligibility criteria were discussed publicly and transparently in Discord.
On January 27, Bitcoin engineers were called upon to help compile a list of eligible addresses. To qualify, an address needed to have at least three inscriptions. All plain text and application/json files were excluded. The process was independently verified and the full eligibility list was published openly for community review.
On March 3, @LeonidasNFT announced the Runestone inscription itself, designed by artist @cl_art_studio, as the largest Bitcoin inscription ever, at 3.97 MB. It also became the largest Bitcoin block in history, pushing the limits of what’s possible in Bitcoin’s base layer.
On March 8, a single Runestone was sold at auction for 8 BTC ($544,713). All proceeds went to cover network fees for the upcoming Runestone airdrop. Nothing was taken by the team (there was no team).
On March 16, the Free and Fair airdrop was executed. 112,383 Runestones were distributed 1:1 to the eligible addresses. No preferential treatment. No allocations to insiders. Just a massive, historic on-chain giveaway.
On April 6, Leonidas introduced $DOG, the first memecoin to be natively built on the Runestone foundation. DOG was designed to be a cultural wedge, a fun, friendly onramp to help millions of new users discover and engage with Bitcoin. But this wasn’t just a meme, it was a cultural statement.
On April 20, at Bitcoin block 840,000, Casey Rodarmor’s Runes Protocol went live. For the first time, Bitcoin had an ultra efficient, UTXO native way to issue fungible tokens. DOG was one of the first Runes to be etched, marking a turning point for tokenization on Bitcoin. $DOG was etched as Rune #3 in a 1,258,757 sat/vB transaction, the 5th most expensive Bitcoin transaction in history.
And on April 24, 100 billion $DOG tokens were distributed evenly to over 75,000 holders of Runestone Ordinal NFTs. That’s 889,806 $DOG per eligible wallet. There was no ICO. No token sale. No listing fee. Just a pure community airdrop with 100% of the supply circulating from day one.
On June 4, $DOG hit a $980 million market cap without any Tier-1 centralized exchange listings. It became the largest memecoin on Bitcoin and a definitive proof point for what is possible when a project is built with fairness, transparency, and decentralization at its core.
[Important to read] To the community: I want to sincerely apologize for not articulating this earlier.
There’s been confusion about $DOG’s origins and structure, and that’s on me. The truth is, $DOG represents one of the most authentic, community-driven launches in Bitcoin history. It's not just another token; it’s a statement about what Bitcoin can support when innovation meets principle.
And today, I’m proud to share that $DOG is now listed on Kraken. We believe in supporting real, grassroots innovation. No insiders. No shortcuts. Just real usage and real community. $DOG is Bitcoin by design.
More to come.
I am very excited to announce that @coinbase has begun rolling out support for $DOG trading in their main app to over 100 million users!
Powered by @minelabs_ and @solana.
🚨UPDATE: $DOG (Bitcoin) has becomed the most mentioned cryptocurrency in @CoinbaseMarkets "Blue Carpet" asset listing program since announcement (Oct. 15th, 2025).
I HAVE SEEN A LOT OF TALK RECENTLY ABOUT WHAT THE MISSION OF THE $DOG ARMY IS SO LET ME BE VERY CLEAR
REACHING $1B AND A NEW $DOG ATH IS A FAILURE
FLIPPING PENGU AND PEPE IS A FAILURE
$DOG WAS BORN FOR A SINGULAR PURPOSE WHICH IS TO BECOME THE #1 MEMECOIN IN THE WORLD BY FLIPPING DOGECOIN
EVERYTHING SHORT OF THIS IS A COMPLETE AND TOTAL FAILURE THAT DISRESPECTS SATOSHI'S CREATION
JUST AS THE #1 CRYPTOCURRENCY IN THE WORLD IS SECURED BY THE FULL FORCE OF THE DECENTRALIZED PROOF OF WORK CONSENSUS MECHANISM THAT IS THE BITCOIN NETWORK SO SHOULD BE THE #1 MEMECOIN
EVERY BLOCKCHAIN MUST BEND THE KNEE TO BITCOIN
EVERY MEMECOIN MUST BEND THE KNEE TO $DOG INCLUDING DOGE
DROP THE E!!!!!!!!!!!!!!!!!!!
$DOG JUST RECLAIMED A $115M MARKET CAP AND IS SURGING UP +17.1% TODAY
EVERY KOL MUST BEND THEIR KNEE TO THE MOTHER CHAIN
EVERY TIER-1 CEX MUST LIST $DOG FOR FREE
FREE AND FAIR WILL PREVAIL
$DOG GO TO THE MOON!!!!!!!!!!!
The $DOG Experience in 2025 with Tier-1 CEX 🔍🐕🕵️
🏦 CEX: "Community is everything."
🐕 $DOG: Then why prioritize tokens with teams + VCs holding massive allocations?
🏦CEX: We don’t charge listing fees.
🐕 $DOG: They’re just reframed as token % for “airdrops,” “user incentives,” or “security deposits.”
🏦CEX: You need strong volume to qualify.
🐕 $DOG: $DOG reached ~$980M (Jun ’24) and ~$999M (Dec ’24) market cap without a single Tier-1 listing and has exceeded $12B+ total volume organically.
🏦CEX: Runes are hard to integrate.
🐕 $DOG: One intro to @LeonidasNFT solved it; same way it was expedited for @KrakenFX.
🏦CEX: We list with hype and traction.
🐕 $DOG: @KrakenFX listed $DOG for free, no hype cycle and still generated millions $$$ in volume from launch, outperforming legacy memecoins like $BONK, plus global exposure (Williams F1 Singapore 2024).
🏦CEX: Apply through our transparent listing program.
🐕 : We did. Silence followed.
🚨Conclusion:
Decentralized communities aren’t the risk. Selective gatekeeping is.
Sending $DOG to the moon will not be easy
Many powerful institutions stand to lose if a free and fair memecoin wins
The $DOG Army will expose everyone who stands in our way
Repost and reply with 🫡 if you are an active $DOG soldier ready to go to war
🚨JUST IN: $DOG (Bitcoin) engagement with @Gemini surpasses $XRP, $PEPE, $SOL and $WIF combined in the past two months and has yet to be listed on exchange.
Source: @X
In 2025, $DOG (Bitcoin) is obliterating every community on @X leaving $DOGE, #SPX6900, $PEPE and $PENGU in the dust 😤
100% organic community energy: No VCs, No insiders, No Teams and No Market Makers.
The numbers don’t lie… the #1 memecoin army lives on ₿itcoin 🟧
Very few people appreciate the significance of what just happened over the past 48 hours
The Monad team refused to pay @binance's excessive listing fee and instead listed $MON on Solana for free and it was a huge success
Going forward every major project will take this approach
The era of extorting projects via listing fees is finally coming to an end
Centralized exchanges are losing their grip, and open, permissionless, on-chain solutions are taking their place
Trading apps built on Solana like @ZapApp (my company) are more than happy to list $MON without charging fees or requiring NDAs
The future of finance is open and there is no room for gatekeepers who have been abusing their power for too long
The DEX/CEX flippening is here
For two years people told me it was too hard to buy $DOG
So I built a solution
Zero KYC
One-tap Apple Pay
No phone verification
No third-party signups
The easiest way to buy crypto is almost here!
Screw it
Just going to keep posting $DOG
I don't care that Binance just stole billions from their users
I don't care that presidents can nuke the market with a single post
$DOG is pure and not part of any of that corruption
One way or another $DOG will make it