The highly anticipated launch of the DOGS memecoin on Telegram has finally happened! But, the excitement is tempered by some shocking news: Telegram founder Pavel Durov was arrested on August 25th at around 8 PM.
DOGS Tokenomics Breakdown đ
On August 26th, DOGS investors witnessed the Token Generation Event (TGE), releasing 502.48 billion DOGS tokens, which is 91.4% of the total supply. Here's how the tokens are allocated:
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- Community Airdrop: 72.7% (400.02 billion DOGS)
- Marketing: 9.18% (50.49 billion DOGS)
- Liquidity: 5.45% (29.89 billion DOGS)
- Team: 5.36% (29.48 billion DOGS)
- Binance Launchpool: 4% (22 billion DOGS)
- Advisory: 3.27% (17.9 billion DOGS)
Impact of Token Release đ
The influx of 502.48 billion DOGS tokens into the market usually means an increase in supply, which could drive prices down if demand doesnât match up. The largest portionâ72.7%âallocated for community airdrops might lead to market dilution. If a significant number of these tokens hit the market quickly, we could see a drop in DOGSâ value.
Price Prediction for DOGS đ
- Initial Listing Estimate: DOGS might start trading between $0.0013 and $0.0015. This forecast is based on the supply, projected demand, and current market sentiment.
- Market Cap Projections:
- At $0.0013 per token, the market cap would be around $653.22 million.
- At $0.0015 per token, it would be roughly $1.005 billion.
Risks Ahead â ïž
Durovâs arrest could shake market confidence. Investors might become cautious, leading to potential sell-offs when tokens are unlocked. This could push the price closer to or below $0.0013.
Long-Term Outlook for DOGS đź
If DOGS can keep a strong community and positive market conditions, its price may stabilize after the initial volatility. The planned gradual release of team and advisory tokens could help mitigate severe price drops over time.
Keep an eye on updates! đ
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