DOGS Token Surges by 20%, Outperforming Top 100 Cryptos
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DOGS saw a 20% surge in 24 hours, reaching a $2.37B market cap and $789.9M trading volume.
Launch of DOGS triggers TON blockchain congestion with 20M transactions in 48 hours.
The token gained 17M Telegram subscribers and 3.9M followers on X, as per familiar sources.
The DOGS token has emerged as the leading performer among the top 100 cryptocurrencies, experiencing a significant rise in value. Over the last 24 hours, DOGS has surged by over 20%, positioning itself at the forefront of market gains. The tokenâs price has seen a notable increase of 4.5% in a short period, coupled with a 23.1% rise over a longer duration, reflecting its growing market presence.
Market Performance and Volume Analysis
DOGS boasts approximately $2.37 billion in market capitalization, signaling its substantial influence within the cryptocurrency market. The tokenâs trading volume has reached $789.9 million, indicating high liquidity and active trading.Â
These figures suggest a strong and sustained interest in DOGS among investors, further supported by the visible price movement chart, which displays a significant upward spike followed by minor fluctuations. The surge in price has contributed to the recent volatility, though the overall trend remains positive.
The launch of DOGS had considerable effects on the TON blockchain, causing unexpected congestion and a temporary network outage. The overwhelming demand for the token led to a surge in the on-chain activity, straining the blockchainâs capacity.
On Tuesday night, TONâs official X account reported a disruption in block production due to an âabnormal load,â citing the processing of approximately 20 million transactions within 48 hours.
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