Dogecoin Turns 12: Why DOGE Was Created in the First Place
Jakarta, Pintu News – Yesterday, Dogecoin officially marked its 12th anniversary since its creation. The two founders, Billy Markus and Jackson Palmer, celebrated the anniversary of the meme coin through a post on the X platform.
Dogecoin Celebrates 12th Birthday
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Billy Markus writes,
“12 years ago I made something ridiculous, then even more ridiculous things happened, and now I’m writing about it on the internet for 2.15 million followers.”
He concluded his post with the words, “Happy 12th birthday, Dogecoin.”
Meanwhile, Jackson Palmer also celebrated by writing, “Happy Doge Day to all you wonderful degens!”
He added, “May your portfolio always rise, may your spirit remain as strong as diamond hands, and may this crazy community never split. Together to the moon. Love forever to all of you.”
Dogecoin was first created on December 6, 2013 by two software engineers, Billy Markus and Jackson Palmer. The coin was born as part of the wave of altcoins that emerged during the 2013 bull market, and unexpectedly became an instant success and viral phenomenon.
Why was Dogecoin created?
After Bitcoin was created in 2009, the crypto world didn’t have an alternative currency(altcoin) for two years. Back then, people were still learning about blockchain technology and the mining process, where Bitcoin could still be mined using a regular CPU.
In 2011, the first altcoin born was Namecoin, followed by other altcoins such as Litecoin , Peercoin, and Feathercoin in the 2011-2012 period. Most of these altcoins are just technical experiments and have not attracted the attention of retail investors at large.
At the time, the crypto world seemed very serious and filled with complicated technical terms. However, things started to change when the price of Bitcoin jumped dramatically from $13 to $1,100 in late 2013. This surge made altcoins more attractive to retail investors.
Seeing this situation, Billy Markus and Jackson Palmer felt that the crypto world was too serious and lacked entertainment. So, they decided to create Dogecoin as a light-hearted and fun satire of the crypto industry.
Jackson worked on the Dogecoin website, while Billy developed the coin and released it to the public.
The Dogecoin logo was inspired by the Japanese Shiba Inu dog meme that went viral on the internet. In just one month since its launch, the Dogecoin website recorded more than 1 million visitors.
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DOGE Grows Instantly
Surprisingly, Dogecoin gained a lot of attention immediately after its launch. The community on Reddit started using it as a currency to tip other users. In just two weeks, DOGE surpassed Bitcoin in the number of daily transactions.
On December 19, 2013, the price of DOGE jumped about 300% within 72 hours, from $0.00026 to $0.00095.
Dogecoin has also played a role in raising funds for various charities. The DOGE community has built clean water wells in Kenya, and even helped the Jamaican bobsled team get to the Sochi Winter Olympics.
In 2021, Dogecoin experienced a huge surge thanks to the support of Elon Musk. The price of this memecoin soared to $0.7316, and almost touched the psychological $1 mark.
Moving on to 2024-2025, Elon Musk continues to drive Dogecoin adoption through an initiative called Department of Government Efficiency (DOGE). This program is claimed to help reduce budget waste in the US government.
Currently, Dogecoin is ranked 10th on CoinGecko with a market capitalization of $22.47 billion. Its 24-hour trading volume stands at $596 million, and the price of DOGE is at $0.1393.
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Reference:
- Cryptopolitan. Dogecoin celebrates 12th anniversary. Accessed on December 8, 2025
