DOGS Token Surges 20% Amid Telegram’s TON Ecosystem Growth

The value of the DOGS token, launched on August 26 on the TON blockchain, has surged by over 20% in the past 24 hours, now trading at $0.00152 with a market capitalization of $785 million, according to CoinMarketCap.

DOGS, a token tied to a popular mini-application within Telegram, boasts over 50 million users. Users received these tokens for free by simply registering and engaging with the application. With its recent entry into exchanges, the DOGS token is gaining attention, particularly in light of Telegram founder Pavel Durov’s influence and vision.

TON Ecosystem Tokens Continue to Grow Despite Network Downtime:

Despite experiencing its second network outage within a day, the TON ecosystem's tokens have shown resilience. Toncoin, the primary cryptocurrency of the TON network, increased by around 5% following the news of Pavel Durov’s release from a French courtroom on bail under court supervision. As of 10:30 AM Moscow time, Toncoin is trading at $5.60. Additionally, the Notcoin (NOT) token saw a 3% rise, now priced at $0.009.

The network experienced disruptions on the evening of August
28, halting blockchain operations for the second time that day. The issues, which started around 8:00 PM Moscow time, led to a cessation of new transaction blocks being produced. The network wasn’t fully restored until 2:30 AM on August 29, although transaction delays persisted.

Developers attribute the unusual network load to the growing excitement around the DOGS token, with millions of users attempting to withdraw tokens to their wallets over the past three days. Popular TON ecosystem services like the Wallet cryptocurrency wallet and the STONfi trading platform continue to display warnings about ongoing outages. $NOT $TON $DOGS

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