The cryptocurrency token $DOG has experienced a significant surge in value, rising 69% this week and nearly 100% against BTC since last week. It has become the most valuable token in the Runes ecosystem, with a market cap of $421.3 million, surpassing the combined market cap of the second and third most valuable Runes. The token's value increase has been fueled by its listing on two more centralized exchanges, AscendEX and BingX, and its growing trading volume, which has more than doubled since last week. $DOG, currently trading at $0.0037, has broken into the top 200 meme coins on CoinMarketCap. Its rise has led to speculation that it could start a new Bitcoin memecoin season.