XDOG Briefly Tops $13M — Momentum Without Conviction

I saw XDOG's market cap spike above $13 million briefly, which looks like short-lived hype more than sustained value discovery. The move appears driven by momentum and low liquidity rather than fundamental demand.

I remain cautious because on-chain signals for many meme coins — concentrated holders, thin DEX liquidity, and short-lived volume bursts — often precede rapid drawdowns. I would watch holder distribution, recent large transfers, and trading depth before acting.

For now I’m monitoring price consolidation and follow-through volume; only consider small, disciplined exposure or waiting for weakness and clearer on-chain confirmation.