On-chain data presents a fascinating phenomenon: the total network hash rate of DOGE has significantly declined, while the miners who remain steadfast have seen their earnings double—an almost 40% month-over-month increase. The logic behind this is actually quite harsh—some miners have chosen to shut down under short-term volatility pressures, leading to a spontaneous market cleanup.

Meanwhile, another signal comes from the space sector. Elon Musk has officially confirmed that the launch window for the "DOGE-1" lunar mission has been locked in for the end of 2025—this is no longer a joke but a real commercial plan. For the first time in history, space services paid directly with cryptocurrency are about to become a reality.

Interestingly, the market's reaction has been surprisingly calm. Compared to the crazy times of 2021 when a single tweet could rally 30%, this "moon landing" news only stirred a gentle ripple. This temperature difference itself indicates one thing: **The revaluation of Meme coins is undergoing a test of reality**.

If DOGE-1 truly succeeds in reaching the Moon, what does it mean? First, a breakthrough in identity—from a meme coin online to an asset that has actually paid for space services. Second, an elevation in narrative—opening a window for cryptocurrency to be applied in real commercial scenarios, and even in broader economic fields.

Currently, DOGE stands at a complex crossroads: macro tightening by the Federal Reserve is suppressing risk assets, and technical indicators are repeatedly confirming critical levels. It is no longer just an emotional proxy asset but is also using a real physical event to perform an ultimate valuation of its own worth.

So the question boils down to this: Do you think this "moon landing" is a turning point for DOGE to shed its joke label and truly initiate a revaluation of its value? Or is it just another classic pattern of "good news exhausted, then a reversal"?