**DOGS Price Surge: What’s Next?**
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**Current Status of DOGS:**
- **Price Rebound:** After dropping significantly last week, DOGS, a cryptocurrency based on the TON blockchain, has risen over 15% to $0.14.
- **Recent Performance:** Despite a 17% drop recently, DOGS surged 124% after being listed on Binance this week. It’s now trading at $0.00133 with a market cap of $672 million.
**Volatility and Liquidations:**
- **Price Movement:** DOGS has been very volatile, with $2.37 million in liquidations in the past 24 hours—$1.23 million from long positions and $1.13 million from short positions.
- **Open Interest:** Open interest for DOGS has increased by 8%, reaching over $140 million.
**Challenges:**
- **Market Supply:** The supply of DOGS is growing. 150,000 Notcoin users have received 2.75 billion DOGS tokens, valued around $3.3 million, based on their activity.
**Criticism of Promotion:**
- **Leonidas' Critique:** Leonidas, founder of Ordi.io, has criticized centralized exchanges (CEXs) for promoting DOGS. He claims CEXs got 8.55% of DOGS supply worth $60 million without lockups and might sell these holdings soon.
- **Pump and Dump Accusations:** Leonidas accuses CEXs of using DOGS in a pump-and-dump scheme, questioning their ethics. He argues that better tokens should be promoted if exchanges cared about their users.
- **Market Cap Concerns:** Despite major exchange listings, DOGS has a $700 million market cap, which Leonidas finds low compared to other meme coins.
**Key Takeaways:**
- **Price Recovery:** DOGS is recovering in price after recent drops.
- **Market Dynamics:** The cryptocurrency faces strong selling pressure and increasing supply.
- **Promotion Issues:** There’s criticism about how centralized exchanges are handling DOGS and its impact on price stability.
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