The $DOGS token community has recently undergone a remarkable transformation, which has surprised many. The number of token holders has dropped to 5.41 million, raising concerns about the future of this memecoin. Over the past 30 days, the price has dropped by 15%, leading some to ask – is this just typical memecoin volatility or is there a more serious problem? 😱
According to an announcement from the official $DOGS Telegram group, data shows that the number of addresses holding tokens on the chain has dropped significantly. Once at 5.5 million, the number is now down to 5.41 million, Odaily reports. Analysis from IntoTheBlock has also confirmed this drop, suggesting a potential shift in community sentiment.
Market volatility is not unusual for memecoins, but the drop in both the number of holders and the value has caught the attention of investors. Is this just a temporary blip or are more people losing faith in $DOGS? 🤔 Time will tell, but for now, stay cautious and keep a close eye on how this situation develops.
