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Narrative
Learn more about our little friend $DOGGO, the internet sensation with a short back and an even bigger heart! Despite its spine disability, $DOGGO's charm and cuteness have brought people together, creating a community of fans who celebrate this lovable pup every day.
The DOGGO Story
Chapter 1: The Birth and Glory of DOGGO
Potato (Tudou) is a Chinese rural dog which was born with a disability, suffering from spinal fusion syndrome, also known as the Quasimodo dog. His owner recorded a video and subsequently posted it online. In this video, you can see that despite his disability, Potato laughs humorously.
Eventually, Billy, the founder of Doge, saw this video and was captivated by it. He then posted a tweet asking, "what happened to poor doggo?" Following this, a DEV team created a token on Ethereum, our DOGGO. In the contract, the first two lines include the address of Billy's tweet and the Telegram group of the DEV team. The project team also allocated 6% of the tokens to Billy. This hotspot, combined with a strong project team and Billy's frequent interactions, pushed the market cap up to $20 million.
Subsequently, Billy sold his tokens, tweeting about buying a new car. At this point, the narrative perfectly replicated that of Dogecoin. Following this, the DEV team also sold all their tokens, meaning the first wave of profit-takers sold off their holdings almost entirely.
Then, a group of KOLs (Key Opinion Leaders) announced that they had conducted a CTO (Community takeover), marking DOGGO's first CTO. These CTOs have a large number of followers and strong promotional capabilities. As a result, the market cap surged to $37 million, which is our current all-time high (ATH), and then corrected again to $28 million.
At this time, almost all major KOLs had heard of DOGGO, and we all believed it was a healthy correction. This marks the birth and glory of DOGGO.
https://x.com/BillyM2k/status/1837152319877665121
Chapter 2: Struggles and Lows
Regarding KOLs, opinions vary. DOGGO's first CTOs were almost entirely composed of KOLs. A significant portion of them engaged in buying tokens themselves, promoting them, taking profits, and then moving on to the next coin, creating a continuous cycle. This is actually one of the most common strategies used by the majority of KOLs in the crypto space.
Therefore, a market cap of $37 million and $28 million for a new coin is quite high in the primary market. They also made substantial profits. However, operating a community is extremely challenging and time-consuming, far less profitable than simply promoting tokens. They also failed to see the potential of DOGGO. Consequently, those who needed to cash out did so, leading to a continuous decline in the token's price. This left only new investors to take over from the previous ones, resulting in panic selling, losses, and FUD. Over the course of four weeks, the price steadily declined. During this period, there was an attempt at a spontaneous CTO, with supporters and opponents and various other factors, but ultimately, it reverted to the original CTO.
As the price reached its lowest point, the last leader of the original CTO abandoned the project, leading to the original account being banned and a direct withdrawal from the group without transferring any authority. As a result, the price plummeted to $2-3 million, shrinking by 90%.
Chapter 3: Consensus, Rebirth, and the True CTO
What is the first essential element of a high-quality meme coin? As the name suggests, it's the meme, followed by narrative and community. Looking at this doggo alone, what do you think? Does it catch your attention at first glance? In the first and second chapters of the story, DOGGO community had high levels of activity and addresses. Besides, $DOGGO is recognized by Billy as the sole DOGGO token. X interactions and on-chain transaction records acknowledge only one contract. Moreover, the "sell token to buy car" narrative is a 1:1 replica of DOGE's story. This leads to NO confusion regarding authenticity, whether it's on the Ethereum or Solana chain, and case sensitivity. Ultimately, people come and go in the community, leaving behind a group of diamond hands. We all believe and are convinced that even if everyone dumps, there will always be institutions lurking, ready to buy at low prices and relaunch the token. Additionally, there have always been many in the community who want to take action and contribute, but they were previously shut out by the old CTO. Now, their departure has given us the opportunity to have true consensus builders.
Potato is a dog born with disabilities, and his life must be fraught with numerous inconveniences. However, when Potato looks at us, what you see on his face is not suffering, torment, or pain. Instead, Potato gazes at us with a teasing face. This is why Potato was able to attract Billy, the founder of Dogecoin, and why he can attract all of us as well.
Potato can overlook his pain and confront the world positively. Similarly, our DOGGO community started by being rug-pulled by first CTO, leading us to a low point. But like Potato, we believe in Potato, believe in our community, and believe in our consensus. More importantly, we believe that DOGGO, as a meme, can change the world.
"Born impaired, Stay resilient" - is our meme, the concept we want to convey to everyone. Everyone can be their own master, and no hardship can bring us down. By owning DOGGO, you become a true part of the CTO. There are no DEV here, no rug groups - only DOGGO holders and believers.
$DOGGO is a meme coin with no intrinsic value or expectation of financial return.
DOGGO CTO is a community which supports DOGGO meme and its spiritual core.
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