Hyperliquid's $HYPE token officially flipped Dogecoin in market cap in late May 2026 — DOGE dropped out of the top 10.
$DOGE just got knocked out of the top 10.
By a DEX token.
With actual revenue.
DOGE sits near $0.083 and trades 88% below its May 2021 all-time high of $0.74.
No utility layer.
No major upgrade.
Just vibes and Elon tweets.
I'm not hating.
I'm just asking —
In a market that's slowly starting to reward fundamentals over memes.
Does DOGE still have a bull case in 2026?
A — Yes. Memes never die
B — No. DOGE is done
Not financial advice.