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Oscar Mayer auctions one-off pack of ‘Hot DOGE’ Wieners

Cryptocurrency
05.08.2021
849
Oscar Mayer auctions one-off pack of ‘Hot DOGE’ Wieners

Oscar Mayer is auctioning off a one-of-one pack of “Hot Doge Wieners” on Ebay, with bids hitting $3050 before bidding was paused

American manufactured meat company Oscar Mayer is auctioning off a one-of-one pack of “Hot Doge Wieners” on Ebay.

The limited edition pack of Dogecoin themed wieners includes 10 sausages and a picture of the beloved Shiba Inu dog on the packaging, along with the “cash equivalent” of 10,000 Dogecoin (DOGE).

The auction is set to close on Aug. 7 however the listing has been temporarily taken down with the firm noting on Twitter today that “you guys really took this to the moon. The link is down but will be up soon!”

During the initial hours of bidding, Redditors in the r/dogecoin community spotted a bid of $3050 during the auction. That might seem like a lot considering the “collectors item” has a maximum shelf life of three months (if stored in a freezer) — and the winner needs to allow “3-5 weeks for delivery”. However the cash value of 10K DOGE is just over $2000, so that’s only $1050 for the chance to own some perishable hot “doges”.

The auction is part of Ebay’s Auctions for Charity, and all of the proceeds from the sale will go to the food bank and hunger relief organization Feeding America. Oscar Mayer’s profile picture on Twitter currently contains a picture of Doge wearing Oscar Mayer shades.

Oscar Mayer’s charity efforts and DOGE-themed marketing campaign come at a time when the number one memecoin is struggling to recover from the crypto downturn which began back in May. DOGE hit an all time high of $0.73 on May 8 and has since declined by more than 70% to around 20 cents according to data from CoinGecko.

While the price of DOGE has struggled of late, another memecoin backed by a Reddit community has taken the lead on price. The price r/CryptoCurrency Moons (MOON) coins has increased by 112% over the past week, going from $0.16 on July 29 to $0.34 as of today.

While it’s worth more than DOGE technically, it’ll take a monumental shift to officially usurp the throne from DOGE, as MOON had a 24-hour trading volume of $79,000 compared to $931 million for Dogecoin.

Related: Brand executive posts discounted Utah home listing for Dogecoin

Oscar Mayer joins a long list of popular brands that have jumped on Dogecoin promotional bandwagon. Cointelegraph reported on July 20 that male grooming product manufacturer Axe launched a limited run of body spray cans dubbed “Dogecan”.

Other firms to join in on the fun include Slim Jims, Snickers and Milky Way, all of which celebrated Doge Day on April 20.

Author:cointelegraph

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