DOGS, a new meme cryptocurrency on the TON blockchain, was launched and distributed to Telegram users and listed on centralized exchanges 24 hours ago. What has it achieved in that time?
DOGS saw an impressive $2.5 billion in trading volume on its first day, making it the seventh largest cryptocurrency by volume. Its market cap reached nearly $900 million, surpassing projects such as#FLOW , #BitTorrent and #Notcoin $NOT . Unlike other meme tokens, DOGS did not require any actions from users — it was enough to have an active Telegram account. Payments were proportional to the time spent in the messenger.
High demand led to outages in $TON and apps like Wallet and Tonkeeper during the token distribution. DOGS quickly got listed on major exchanges. Despite this, the token price fell by 25% and stabilized at $0.0012.
$DOGS , despite technical issues and criticism, entered the top 100 cryptocurrencies by market capitalization, taking 96th place with a market value of $630 million and establishing itself among the leading meme coins.
