The highly anticipated listing of the viral Telegram memecoin, DOGS, is finally listed. However, the excitement has been dampened by a major setback : Telegram founder Pavel Durov was arrested around 8 PM on August 25th .
DOGS Tokenomics
On August 26th, DOGS investors geared up for a significant Token Generation Event (TGE) , during which 502.48 billion DOGS tokens, representing 91.4% of the total supply, will be released. The distribution breakdown is crucial for understanding potential market movements:
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- Community Airdrop: 72.7% (400.02 billion DOGS)
- Marketing: 9.18% (50.49 billion DOGS)
- Liquidity: 5.45% (29.89 billion DOGS)
- Team: 5.36% (29.48 billion DOGS)
- Binance Launchpool: 4% (22 billion DOGS)
- Advisory: 3.27% (17.9 billion DOGS)
Market Impact of Token Release
The release of such a large volume of tokens (502.48 billion) into the market typically results in increased supply, which can put downward pressure on the price, especially if there is insufficient demand to absorb the new supply. The community airdrop, representing the largest allocation (72.7%), could significantly dilute the market, potentially leading to a decline in the token’s value if a substantial portion of these tokens is sold immediately upon release.
DOGS Price Prediction
-Initial Listing Price: Predicts that DOGS could list at around $0.0013 to $0.0015. This price range is based on the token's supply, anticipated demand, and the overall market sentiment leading up to the listing.
- Market Cap Estimation:
-At a price of $0.0013, with the initial circulating supply of 502.48 billion DOGS, the market cap would be approximately $653.22 million.
-At a price of $0.0015, the market cap would be around $1.005 billion.
Potential Downside Risk
However, the recent arrest of Telegram founder Pavel Durov could significantly impact the market sentiment. With this news, many token holders might become risk-averse, leading to a potential sell off once the tokens are unlocked. This could cause the listing price to be lower than initially expected, possibly closer to or even below the lower end of the predicted range ($0.0013).
DOGS Long Term Price Prediction:
If the project manages to maintain strong community engagement and favorable market conditions, the price could stabilize post-listing. The vesting schedule for the team and advisory tokens indicates a gradual release, which could help mitigate significant downward pressure over time.
