$DOGS, the Telegram-linked memecoin, recently saw a massive $550 million airdrop, but it didn’t take long for the token to dip by 30%. At its current price of $0.00130, it seems some early recipients are cashing in their profits. Still, $DOGS remains up 136% from its debut low, showing there’s still potential.
Crypto enthusiasts remain hopeful, riding on the wave of positive market sentiment. But beware of the “Binance Launchpool effect”—tokens often drop after launching. $SUI, for example, fell by 34% post-launch.
The key level to watch is $0.00121. If $DOGS breaks below this support, more turbulence could be ahead. Stay cautious and informed as you navigate these choppy waters!
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