On July 28, 2026, a new meme coin called PIPEDOG ($PIPEDOG), based on dogs and built on the Robinhood Chain, quickly became popular. Its value surged right after launch, reaching a peak market value of around $73.7 million within just a few hours.
Data from DEXScreener shows the token’s value quickly rose above $70 million within four hours of its launch, increasing over 140 times from its initial price. Some analysts tracking the token on the blockchain observed it jumped from a $400,000 market cap to over $40 million in just one hour, and continued to climb to a record high.
PIPEDOG is mainly traded on Uniswap within the Robinhood blockchain, using the contract address 0x5Cb…Bd8A6. Currently, there are 12.35 billion PIPEDOG tokens in circulation.
The token’s quick rise in popularity has sparked talk online about an AI-driven launch. Someone linked to the “Wock” project allegedly claimed an AI agent was responsible for deploying the token, and later warned people about similar, potentially fake, tokens being created.
The recent increase in popularity follows a common trend for new meme coins on developing blockchain networks. Robinhood Chain has experienced similar bursts of interest before, and PIPEDOG rapidly gained substantial trading activity – reaching tens of millions of dollars within a day, according to reports – alongside surprisingly good liquidity for such a recently created token.
PIPEDOG’s value initially rose sharply, but then decreased somewhat. Recent estimates put its market capitalization around $43 million, which is common for meme-based cryptocurrencies due to their often unpredictable price swings.
Social media traders pointed out that those who got in early on this trend saw significant profits, but also warned it’s a highly speculative investment. Some analysts noted positive signs like locked funds and how widely held the asset was—better than many similar short-term investments. However, they cautioned that there’s still a risk of sudden price drops due to concentrated ownership.
Lookonchain, a company that monitors blockchain transactions, recently reported that a trader turned a $16,000 investment in the PIPEDOG meme coin into over $1.2 million in just a few hours.
— Lookonchain (@lookonchain) July 29, 2026
Like a lot of meme coins, PIPEDOG’s price seems to be all about hype, the story behind it, and how quickly people are buying and selling – not really about what it *does*. This recent activity really showed me how fast money can move into brand new tokens, especially on newer blockchains, sometimes within just a few hours of anyone even noticing them.
2026-07-29 10:14