DOGS Price Skyrockets And The Other Side of DOGS...
DOGS Price Rallies Amid Binance Listing
The DOGS/USDT spot pair soared by an impressive 124.03%, reaching $0.001202 at press time on Binance. This surge came as part of DOGS debut as the 57th project on Binance Launchpool. The project went live today and the response from the market was immediate and overwhelmingly positive.
Investors quickly flocked to the crypto exchange, driving the tokenâs price up by over 120% within hours of its launch. The Binance debut was nothing short of remarkable, reflecting strong interest in the project despite TON network facing scrutiny amid Telegram CEO Pavel Durovâs arrest.
Adding to the excitement around DOGS price surge, the Telegram Open Network (TON) reported a massive spike in on-chain activity following the listing. According to the TON team.
The TON network, which serves as the backbone for these transactions, is currently undergoing stress testing to handle up to 10 million users trading
âCongrats to Dogs Community who have started their on-chain claim process. We hear they are currently processing up to 150K requests a minute, and we expect this number to increase,
The team warned, Expect slight delays in transaction processing times as the network expands to handle the load. Amid the DOGS price surge on Binance,the sudden influx of activity also had a ripple effect on other cryptocurrency exchanges.Telegram Wallet reported disruptions in its services due to the high volume of transactions.The walletâs function became temporarily unavailable, leading frustration among users.
The Other Side
Despite surge in DOGS price on Binance, the token faced a sharp correction on other platforms.DOGS price plummeted by 29.11% to $0.001202,Earlier,DOGS price hinted at an imminent crash owing to the massive token unlock.
Binance also faced its challenges amid the DOGS price rally and the TON networkâs stress testing.The exchange announced delays in the TON network upgrade process. This resulted in the temporary suspension of TON token deposit and withdrawal services.
