DOGS token, which has surged 150% since listing on platforms like Binance, is now facing serious difficulties. The price has fallen to $0.0012742
While DOGS has outperformed some of its competitors, its success has been marred by problems following the token generation event (TGE) on August 26. At that time, 502.48 billion DOGS were issued, of which 400 billion were distributed in an airdrop. This led to significant pressure on the price.
The arrest of Pavel Durov, who is linked to DOGS, has worsened the situation, intensifying the bearish trend and investor concerns.
Despite its initial success, DOGS now faces the challenge of recovering from these blows. However, interest in the token remains, giving hope for its future.
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