$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 this time?On its first day of trading, DOGS volume was an impressive $2.5 billion, making it the seventh-largest cryptocurrency by volume. Its market cap reached almost $900 million, surpassing projects such as #FLOW , #BitTorrent , and #Notcoin👀🔥 $NOT . Unlike other meme tokens, DOGS did not require any action from users - all they needed was an active Telegram account. Payouts were proportional to the time spent in the messenger.High demand led to outages in $TON and apps such as 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, it entered the top 100 cryptocurrencies by capitalization, taking 96th place with a market value of $630 million and establishing itself among the leading meme coins.
