Prepare your seat belts, friends, dogs will burn tokens and make prices soar rapidly. Currently, the dogs community is distributing stickers.
The $DOGS airdrop event has concluded, with 131 million eligible users receiving their tokens. With the end of this distribution, $DOGS announced plans to burn the majority of unclaimed tokens, which will be decided by a community vote.
This move aims to reduce the total supply of tokens, increase scarcity, and hopefully drive the token price up.
The token burn provides an opportunity for investors to be involved in important decisions that affect the future of the project, while also reinforcing the principles of decentralization that the $DOGS community holds dear.
With the airdrop and token burn coming to a close, this is a pivotal moment for potential investors. The reduction in total token supply through a token burn could have a positive impact on the price, especially for long-term holders.
New investors may find a lucrative entry opportunity as the market adjusts to the lower supply.
Additionally, $DOGS continues to expand its utility within the Telegram ecosystem, providing real value to active and long-time users of the platform.
The project has also garnered significant attention with over 17 million token claims in a short period of time, as well as being listed on several major exchanges, making it a major player in the meme coin space.
