**Crypto News Flash: DOGS Token Sets Records, Faces Future Challenges**

The DOGS token on The Open Network (TON) has made waves, with 17 million users claiming its airdrop, marking the largest token generation event in crypto history. The Dogs Mini App boasts 53 million users, and 4.5 million unique wallets now hold DOGS, trailing only Tether on the Tron and Ethereum blockchains.

Bitget CEO Gracy Chen lauds the milestone but warns that the ease of access, driven by TON's integration with Telegram, could be a double-edged sword. While it simplifies onboarding, many users are new to crypto, posing long-term sustainability challenges.

Meanwhile, the top 10 memecoins have seen a 63% drop in value over the past year, highlighting the volatile nature of the market.