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In addition to supporting social welfare and philanthropy, Jackson believes Dogecoin can be used on the Internet as a "sweet spot" to thank others. In the beginning, though, Dogecoin was born out of a joke.

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As a challenge video about Dogecoin went viral in TikTok, the token's trading volume soared to $27 million on the exchanges that supported it, 22 times the average daily volume in 2020 and up 600% between July 6 and July 7. In addition, according to Google Trends Analytics, "dogecoin" had 100 Google searches on July 7.