In just two weeks, 17 million users have claimed $DOGS token | melomovic on Binance Square

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Bullish

In just two weeks, 17 million users have claimed $DOGS tokens, significantly contributing to the surge in daily active user addresses, which reached 1.1 million multiple times. On a single day, transactions peaked at 14.4 million. The distribution of DOGS played a pivotal role in this growth, with 4.5 million unique wallets now holding the token on TON. This makes DOGS the token with the most unique holders on any blockchain, surpassed only by #USDT  on #TRON  and $ETH 
#DOGSONBINANCE a meme token on TON inspired by Pavel Durov's famous dog sketch, has set the record for the largest meme TGE in cryptocurrency history.
▪️ 53M users interacted with the $DOGS Mini App 
▪️ 42.2M qualified for the token airdrop 
▪️ 17M claimed their airdropped tokens 
▪️ 4.5M unique token holders
These levels of engagement were previously unheard of in Web3. Looking ahead to September, we expect even larger TGEs for #catizen and #HamsterKombat  which may attract tens to hundreds of millions of new users to the blockchain. While the network will likely experience increased technical strain and potential challenges, we remain dedicated to scaling and solving issues as we advance toward mass adoption.
Are YOU STILL HOLDING ?

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melomovic

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Buy $DOGS here

Following its launch, $DOGS saw a remarkable 140% surge before settling into a consolidation phase. The key level at $0.0013, marked by the candle closure during the launch, has proven pivotal. The price has since formed a solid base, tested multiple times, and successfully initiated an uptrend, breaking the previous downtrend and resistance levels.

Currently, $DOGS is consolidating around the EMA50 on the 30-minute timeframe, though this support level is under threat. Should a breakdown occur, a dip back to the listing price may present a strategic entry point, particularly if accompanied by a significant volume spike akin to the one observed during the initial breakout.
WHERE TO JUMP BACK ON?

After a solid rally yesteday, $DOGS is showing signs of fatigue. The first hint of waning momentum was evident when the token, tied to the Telegram-native app, dropped by 17% yesterday. This dip created a lower low, indicating the uptrend is losing steam and signaling the onset of profit-taking.

If we had managed to rally above the August 28 swing high of $0.00167, it would have suggested continued buying pressure. However, setting a lower low instead confirms that a deeper correction is likely on the horizon.

Investors should be prepared for a potential pullback aligning with the two-day composite value area. If buyers can defend this support level, we could see a 10% rally again, pushing DOGS towards the next significant hurdle at $0.00160.

However, if the $0.00144 support fails, DOGS might face a 14% drop, revisiting the next key support level at $0.00125. This area presents a solid opportunity for investors to accumulate the meme coin at a discounted rate.

In summary, there are two key levels to consider for accumulating DOGS tokens: $0.00144 and $0.00125. If we hold above $0.00144 and start an uptrend from here, keep an eye on the $0.00160 level for a retest. Should buyers maintain positions rather than cashing out at this point, the uptrend could continue, potentially leading #DOGS to revisit its ATH of $0.0018
#DOGS #DOGSONBINANCE #FREEDUROV

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

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