$TON Meme Coin, $DOGS, Among Worst Performers: Slips to 100th Spot**

As of the time of writing, $DOGS, the meme coin on the TON blockchain, has plummeted to the 100th position among cryptocurrencies. This poor performance can be attributed to several factors:

*Disclaimer: This is not financial advice. Please conduct your own research!*

- **Impact of Telegram CEO's Arrest:** The arrest of Telegram's CEO has likely shaken confidence in the TON blockchain, leading to panic among investors in TON-based projects.

- **Network Outage:** A significant network outage, primarily caused by increased activity following the $DOGS airdrop announcement, disrupted several key TON services. Many users were unable to claim their airdropped tokens, leading to a sharp decline in interest.

- **Plummeting Capitalization:** $DOGS' market capitalization plunged from $2.5 billion to $900 million shortly after its launch, further dampening investor enthusiasm.

Other factors, such as broader market conditions, the Fear & Greed Index, and Bitcoin’s dominance, may have also played a role.

Is the hype around $DOGS over? Has $TON lost its shine? Share your thoughts below.

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