Thereâs a crypto coin called DogeKing (DOGEKING) thatâs popping up on social media, Discord groups, and shady crypto forums. It promises to make you rich by holding a meme coin that pays you Dogecoin just for owning it. Sounds too good to be true? It is. And hereâs why.
Itâs not what the website says it is
The official DogeKing website (dogeking.us) claims this is a revolutionary Solana-based meme coin with a 1 billion token supply, built for speed, community, and rewards. It says itâs not just another Dogecoin copycat-itâs the ruler of meme coins. But if you check CoinGecko, the most trusted crypto data site, youâll find a completely different coin. The real DOGEKING token is on Binance Smart Chain (BNB Chain), not Solana. Its total supply? One quadrillion tokens. Thatâs 1,000,000,000,000,000. Not a billion. A quadrillion.This isnât a typo. Itâs a red flag. Projects that inflate their token supply this way are usually trying to make the price look cheap-$0.00000008 per token sounds like a bargain. But in reality, itâs just math designed to trick new investors into thinking theyâre getting a lot for their money. When you buy 1 million DOGEKING tokens, youâre still worth less than a penny.
It promises Dogecoin rewards. But they donât work.
DogeKing says if you hold the token, you earn Dogecoin automatically. Thatâs called a âreflectionâ mechanism. It sounds like passive income. But users are reporting the opposite. On Reddit, people say theyâve lost hundreds of dollars trying to claim rewards that never show up. One user, u/CryptoWatcher2025, lost $300. Another said the contract showed 90% of all tokens were stuck in the developersâ wallet-a classic sign of a rug pull.Even the technical details are messy. MEXC, one of the few exchanges listing DOGEKING, warns that claiming rewards costs more in gas fees than you earn. One claim might cost $15 in transaction fees but return $0.30 in Dogecoin. Thatâs not income. Thatâs a tax on your hope.
No audit. No team. No transparency
The DogeKing whitepaper reads like a fantasy novel. It talks about Phase 1: launch (Q4 2024), Phase 2: staking and governance (Q1 2025), Phase 3: NFT marketplace, Phase 4: cross-chain expansion. But as of January 2026, none of this has happened. Thereâs no proof of staking. No governance votes. No NFTs. No cross-chain work.And hereâs the kicker: they claim the smart contract was audited. But no audit report from CertiK, Hacken, or any reputable firm exists. You canât verify security if no oneâs seen the code. Thatâs like buying a car and being told itâs safe because the seller says so.
Who built this? No names. No LinkedIn profiles. No GitHub activity. Just a Discord server with 2,341 members and a moderator named âKingGuardianâ posting vague updates like âbig news coming soon.â Meanwhile, the official Twitter account hasnât posted since November 2025.
Users are leaving. The community is collapsing.
Trustpilot has 12 verified reviews for DogeKing. Average rating? 1.2 out of 5. The top complaints? âRewards never arrived.â âWebsite vanished in December 2025.â âCanât withdraw anything.âOn Binanceâs community forum, 87% of recent posts about DOGEKING are negative. People are reporting failed transactions, locked wallets, and ghosted customer support. Meanwhile, the official Discord channel is full of bot-like messages and forced positivity. Itâs not a community. Itâs a performance.
Itâs not a coin. Itâs a gamble.
DogeKing exists in a sea of meme coins. Dogecoin has a $23.5 billion market cap. Shiba Inu is at $12.1 billion. DogeKing? Its entire market value is around $3.7 million. It trades on only two exchanges. Daily volume? Under $30,000. Thatâs less than what a single whale might move in Dogecoin.According to Messariâs 2025 Meme Coin Report, 92% of reflection-based meme coins die within six months. DogeKing launched in late 2024. Itâs already past that window. And now, the SEC is cracking down. Their January 2026 guidance specifically warned about unregistered reflection tokens like DOGEKING.
Galaxy Digital rates it âCategory 5: High Probability Abandonment.â Delphi Digital gives it a 9.8/10 risk score-the highest possible. Bloomberg Crypto calls it a âhigh-risk speculative asset with minimal fundamentals.â
Whatâs the real price? And where can you trade it?
The price of DOGEKING varies wildly depending on where you look. CoinGecko says $0.000000083904. Crypto.com Korea says $0.000000004813. Thatâs a 95% difference. Why? Because thereâs no real liquidity. No deep market. Just a few buyers and sellers trying to offload tokens before the price drops further.If you try to buy it, youâll need to use a decentralized exchange (DEX) like PancakeSwap on BNB Chain. Youâll need to set up a wallet like Trust Wallet, buy BNB, and send it over. But even then, youâre risking your money on a contract that might not work. One GitHub issue from October 2025 still says âfix incoming next week.â Itâs been four months.
Should you buy DogeKing?
No.This isnât a coin you invest in. Itâs a gamble you take with money you can afford to lose completely. Thereâs no utility. No team. No roadmap progress. No audit. No real community. Just promises, fake transparency, and a shrinking pool of desperate traders.
If youâre looking for meme coins, stick to the big ones-Dogecoin, Shiba Inu, or even newer ones with real teams, audits, and on-chain activity. DogeKing is a ghost ship. The sails are down. The crew is gone. And the lifeboats? Theyâve already left.
What happened to the roadmap?
DogeKingâs roadmap looked ambitious. Phase 1: Launch. Phase 2: Staking. Phase 3: NFTs. Phase 4: Global adoption. But hereâs what actually happened:- Q4 2024: Token launched-but on the wrong blockchain (BNB Chain, not Solana).
- Q1 2025: Staking and governance? Not live. No contracts deployed. No user data.
- 2025-2026: Website went offline for days. Twitter went silent. Discord became a echo chamber.
- January 2026: Contract interactions dropped 87%. Liquidity pool drained.
Thereâs no evidence of development. No commits. No updates. Just a website that still says âcoming soonâ in every section.
Is DogeKing a scam?
Itâs not officially labeled a scam by regulators. But every sign points to one. The mismatched blockchain. The inflated supply. The unverifiable audit. The silent team. The failed roadmap. The user reports of lost funds. The disappearing website. The lack of real trading volume. The SEC warning.If this were a company, it would be shut down for fraud. As a crypto project? Itâs still trading-barely-because there are still people willing to buy the dream.
Is DogeKing (DOGEKING) a real cryptocurrency?
Technically, yes-it exists as a token on BNB Chain with a contract address. But it has no real utility, no verified team, no working features, and no sustainable economy. Itâs a speculative asset with no foundation.
Can I earn Dogecoin by holding DOGEKING?
Theoretically, yes-but in practice, no. Users report rewards never arrive. When they do, the gas fees to claim them cost more than the reward. Itâs a broken system designed to look like passive income.
Why does DogeKing say itâs on Solana when itâs on BNB Chain?
Itâs misleading marketing. Solana is faster and cheaper than BNB Chain. By claiming to be on Solana, the project tries to sound more legitimate and appealing. But the actual token operates on BNB Chain, which is slower, more crowded, and has higher fees-making the promised âfast, low-costâ experience impossible.
Is DogeKing safe to invest in?
No. With no audit, no team, a drained liquidity pool, and users losing money, itâs one of the riskiest tokens on the market. Experts rate it as âhigh probability abandonment.â Only gamble with money youâre prepared to lose entirely.
Why is the price so low?
Because the supply is artificially inflated to one quadrillion tokens. A low price per token tricks new buyers into thinking theyâre getting a bargain. But with no demand, no utility, and no trust, the value is near zero. Itâs math, not market strength.
Has DogeKing been audited?
No. The project claims an audit happened, but no report exists from any reputable firm like CertiK, Hacken, or PeckShield. Without proof, you canât trust the code. Thatâs a major red flag.
Where can I buy DOGEKING?
Itâs listed on a few small decentralized exchanges like MEXC and PancakeSwap, but not on major platforms like Binance or Coinbase. Buying it requires setting up a BNB Chain wallet, buying BNB, and swapping manually. Even then, you risk losing funds due to contract failures.
Is DogeKing going to recover?
Almost certainly not. Development activity has dropped 87%. Liquidity is gone. The team is silent. The roadmap is dead. The market has moved on. This isnât a project in decline-itâs a project thatâs already ended.
Matthew Kelly
January 24 2026just saw this and had to comment bc i almost fell for it đ iâve been down this rabbit hole before - low supply = scam, high supply = trick. dogeking is the poster child for âif it sounds too good to be true, it isâ