The DOGS token price surged by 22.8% to $0.0152, defying the broader crypto market's 5.5% decline, during a crucial time for the token as its creators are in jail. This spike followed its August 26 listing on Binance, despite a significant 42% drop on the same day due to a selloff triggered by a Token Generation Event. The event unlocked 502.48 billion tokens, with 72.7% allocated to an airdrop, raising concerns about a supply glut. However, the increased liquidity and strong community support have helped the token perform well despite the selling pressure.

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