Dogecoin (DOGE), the popular cryptocurrency created as a joke in 2013, now has a market cap of $52 billion after tripling in the past 24 hours.
That’s bigger than several major banks such as Barclays, which has a market cap of $44 billion.
It’s important to note the market capitalization of DOGE is based on an assumed number of outstanding tokens, but many of them are presumed to be no longer in circulation.
Back in 2013, $16,000 worth of dogecoins vanished when a storage service wallet was hacked. The incident resulted in over 30 million missing coins, according to CNET.