The OG daddy of all dog coins is Doge coin which was started as a joke and was abandoned by its creator. It is known as a meme coin, because its visual identity is based on a Shiba Inu dog from a meme and has no other real utility. It is a fork of Bitcoin so is pretty much identical except it is inflationary and uses a weaker form of cryptographic security. Nevertheless, it has a market cap in the tens of billions of dollars and in true crypto fashion has been copied hundreds if not thousands of times by other dog coins. Elon Musk is known as the Dogefather because of his relentless shilling of Dogecoin on Twitter and other media.
Degen 1: “Nice lambo… where did you get the money?”
Degen 2: “I bought Dogecoin at 1 cent just before Elon pumped it to 70 cents!”« Dictionary Menu