Yumao responded to the skepticism, believing that $4 DOGE implies a market capitalization of half a trillion. He emphasized that market capitalization should not be viewed as the amount of funds needed to reach that valuation but rather as a byproduct of marginal pricing under current liquidity conditions. "You don’t need half a trillion dollars to get DOGE's market capitalization to half a trillion," he explained, pointing out the roles of derivation, leverage, credit, and the broader liquidity cycle. In his view, macroeconomic conditions—especially monetary expansion—will determine whether DOGE has enough momentum to achieve such a pump.

DOGE-1.06%
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