its a self-organized ponzi scheme, all the bag holders will lose big. at this point, this seems like some type of false flag to allow world governments to ban self organization. we saw the cries to ban it after the GME/AMC pumps. now with dogecoin, when it goes sideways and the bag holders lose, i expect to see even more manufactured consent articles around banning self organization.
You really think that Dogecoin is a self organized ponzi 
, my suggestion is that you need to learn about a ponzi and then rethink about the claim, so what would you call the rest of the alt coins which is much shittier than that and some of the alts are created for the sole purpose of pump and dump without any use in any gambling market nor as an utility. The market is pumping because people are willing to take the risk and pump the coin irrespective of the technical point of the number of coins in existence and as long as there are people willing to invest heavily the market will rally.you missed a key part of my post: "self-organized ponzi scheme" this is not a traditional ponzi-scheme, where there is intent to defraud from the creator. this is a self-organized ponzi, which if you don't understand what self-organization is, you should google it. self organization is not criminal, nor is there anything criminal about a self organized ponzi scheme. but the fact remains, the bag holders will lose here when the hype dissappears and the money pulls out. this is exactly what happened with GME, and that was the entire point of my post. if it happens with doge, which is the likely conclusion, then we will see renewed calls to ban self organization, which will be a massive loss to average joe traders and a win for the big guys.