đš Telegramâs $DOGS Takes a Hit After Airdrop â Is It the Binance Launchpool Curse? đš
Following a colossal $550 million airdrop, the Telegram-linked $DOGS token has nosedived 30%, raising concerns about the so-called Binance Launchpool curse. On August 30th, $DOGS plummeted to $0.00128, a sharp drop from its debut high of $0.00180 just four days earlier. However, despite this setback, $DOGS remains 135% above its initial low.
đ **Is There Hope for $DOGS?**
The current consolidation phase suggests that many airdrop recipients are choosing to hold onto their $DOGS tokens instead of selling. This holding pattern could indicate a bullish outlook among investors, hinting at potential future gains if market sentiment remains positive.
â ïž **Watch Out for the Binance Launchpool Curse!**
History shows that tokens listed on Binance Launchpool often face steep declines after their initial launch. Take $SUI, for example, which tumbled 35% following its Launchpool debut. For $DOGS to avoid a similar fate, itâs critical to maintain support at $0.00119âotherwise, further declines could be on the horizon.
Stay tuned and proceed with caution in this volatile memecoin market! đđ
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