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The $DOGS token has taken a hit, dropping 15% in the last 24 hours to $0.001288 as of 3:30 a.m. ET, with trading volume plummeting 64% to $737.6 million. Over the past week, its value has slipped by over 19% ¹.

As a meme coin launched on Telegram in July 2024, $DOGS' success is closely tied to the Telegram community ¹. Its price has been volatile, partly due to Pavel Durov's arrest and release, which sparked concerns about Telegram's alleged involvement in illicit activities ¹. This news, combined with the broader market's negative sentiment, has put downward pressure on $DOGS.

*Key Stats:*

- _Current Price_: $0.00127 ²

- _All-Time High_: $0.00163 (reached on August 28, 2024) ²

- _Market Capitalization_: $656.80 million ²

- _Circulating Supply_: 516.75 billion tokens ²

*What's Next for $DOGS?*

While the current outlook is bearish, it's essential to consider the project's potential. $DOGS aims to reward Telegram users for their activity, with a focus on community building and engagement ¹. Its unique distribution method, based on account age, activity level, and subscription to Telegram Premium, sets it apart ¹.

Keep a close eye on market trends and updates from the $DOGS team to stay informed about potential shifts in its value.

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