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Oscar Mayer auctions Doge Wieners on Ebay

source-logo  thecoinrepublic.com 06 August 2021 10:32, UTC

Oscar Mayer, American Manufactured Meat Company, is set to auction one of one pack of Hot Doge Wieners on Ebay. The bids for it were hitting as much as $3050 before bidding was paused. 

Oscar Mayer, American Manufactured Meat Company, is set to auction one of one pack of Hot Doge Wieners on Ebay. The bids for it were hitting as much as $3050 before bidding was paused. 

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

Auction to close soon

The auction is likely to close on August 7. The listing has been temporarily closed, with the firm noting on Twitter today. The tweet reads, “you guys really took this to the moon. The link is down but will be up soon.”

In the initial hours of bidding, the Redditors Dogecoin community saw a bid of $3050 during the auction. This is considered to be a lot as the collectors items have a maximum shelf life of three months (if stored in a freezer). The delivery to the winner will be done in 3 to 5 weeks. 

Chance to own Doge 

However, the cash value of 10K DOGE is over $2000. It means that there is only $1050 left for the chance to own some Doges. The auction is a part of Ebay’s auction for Charity. The proceeds of the charity will go to the food bank and hunger relief organization Feeding America. 

To show his love for this charity, Oscar Mayer has changed his profile picture on Twitter. It contains a picture of Doge wearing Oscar Mayer shades. This charity auction and a DOGE-themed marketing campaign has come at a time when memecoin is struggling to recover from the downfall of crypto which started in May. 

DOGE hit an all-time high of $0.73 on May 8and later saw a bullish market and declined to more than 70% to around 20 cents as per the CoinGecko data. Where the prices of DOGE are struggling, there is another memecoin that is gaining momentum and backed by Reddit Community has taken the lead on price. The cryptocurrency Moons (MOON) coins have increased by 112% over the past week, going from $0.16 on July 29 to $0.34 currently. 

While it is worth more than DOGE technically, it will 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. 

Brand promotion- key to success

Besides Elon Musk promoting Dogecoin, Oscar Mayer has also joined the list of popular brands that have jumped on the Dogecoin promotional bandwagon. Some time back male grooming product manufacturer Axe had launched a limited run of deodorant cans dubbed Dogecoin. Slim Jim, Snickers and Milky Way are some other brands that have celebrated Doge Day on April 20. 

thecoinrepublic.com