The cryptocurrency Dogecoin (DOGE) has gained a notable supporter in YoungHoon Kim, recognized as the holder of the highest recorded IQ. In a recent post on X, Kim stated, “I am a big fan of DOGE.” This unexpected endorsement prompted a light-hearted response from the official Dogecoin account, which remarked, “Hard to argue with a 276 IQ.”
YoungHoon Kim, a South Korean intelligence expert, is reported to have achieved a remarkable IQ score of 276, as documented by the Giga Society. His recognition adds a unique twist to the ongoing popularity of Dogecoin, which was initially launched on December 6, 2013. The cryptocurrency quickly captured attention, attracting a plethora of celebrity endorsements from figures such as Snoop Dogg and Gene Simmons of Kiss, as well as billionaire entrepreneur Mark Cuban.
The rise of Dogecoin has been marked by significant milestones, including its acceptance as a payment method by the Dallas Mavericks basketball team in 2021. The team embraced DOGE for merchandise and ticket sales, further legitimizing the cryptocurrency”s place in mainstream commerce. Among its most prominent advocates is Elon Musk, the CEO of SpaceX and Tesla, who has frequently mentioned Dogecoin in his public communications.
In May 2021, Dogecoin reached a peak in value, coinciding with Musk”s anticipated appearance on “Saturday Night Live,” leading to widespread speculation about the coin”s future. However, after Musk referred to it as a “hustle,” the price saw a notable decline. Despite this volatility, the Dogecoin community continues to thrive, as evidenced by the recent developments from the House of Doge, the corporate arm of the Dogecoin Foundation.
In October, the House of Doge announced a partnership with HC Sierre, one of Switzerland”s oldest hockey clubs, becoming a co-owner and principal sponsor. This collaboration aims to integrate cryptocurrency payments for tickets, merchandise, and concessions, further pushing the adoption of DOGE in various sectors.
November marked a significant development for Dogecoin in the investment landscape, with Grayscale launching its DOGE exchange-traded funds (ETFs) on NYSE Arca. This initiative provides U.S. investors with regulated access to DOGE for the first time through public markets. Additionally, the 21Shares 2x Long Dogecoin ETF (TXXD) was introduced, aiming to enhance exposure to the digital asset.
As Dogecoin continues to evolve, the endorsement from Kim, a figure of such intellectual stature, may contribute to the coin”s narrative, potentially attracting even more interest from both casual investors and serious market players alike.
