Bitrue has opened spot trading for PIPEDOG, a dog-themed meme coin that launched on Robinhood Chain just over a week earlier and rocketed as much as 140 times its starting value within hours of going live.
The PIPEDOG/USDT pair went live on Bitrue on August 7, giving the token a listing on a mid-sized centralized exchange less than two weeks after its July 28 debut sent its market capitalization past $73.7 million within roughly four hours.
An Anonymous Launch, A Fast Rally
PIPEDOG's creator has largely stayed anonymous, and the token's own promotional material leans into meme-culture references rather than any stated utility or roadmap. Trading has so far concentrated on Uniswap V3 on Robinhood Chain, where the PIPEDOG/WETH pair has carried the bulk of daily volume, with the token's circulating supply of 12 billion units putting its market capitalization in the tens of millions of dollars.
Another Entry in a Crowded Meme Trade
The listing arrives at an odd moment for meme coins broadly: BONK has spent the past month grinding to fresh multi-year lows even as trading volume on the token has spiked, a reminder that exchange listings and short-term rallies don't guarantee a meme coin holds its value once early speculative interest fades.
Related: BONK Hits Fresh Lows, But One Chart Signal Hints at Exhaustion
