DOGS token plunges 8% amid Telegram crypto downturn
Toncoin (TON) and Notcoin (NOT) also decline, market cap remains significant
Upcoming token unlock and bearish signals create further downside risk for DOGS
DOGS (DOGS), the meme coin built on The Open Network blockchain, has plunged 8% in the last 24 hours as part of a wider downturn affecting cryptos tied to the social messaging platform, Telegram. The meme coin project relies on Telegramâs large user base to attract new users.
For now, the price of the DOGS token is $0.0009218, with its trading volume down 27.57% to $193 million, according to CoinMarketCap. The meme coinâs market capitalization is roughly $476.34 million, placing it 122nd. It is worth noting that over 3.65 billion DOGS tokens will be unlocked on September 26th, which could further impact the meme coinâs price.
Other Telegram Tokens Also Down
Other Telegram-based tokens, including Toncoin (TON) and Notcoin (NOT), have also dropped. TON fell 4.43% in the past 24 hours and is currently trading at $5.51. Despite a 14.97% decrease in the past month, the altcoin remains among the top 10 digital assets by market cap with a valuation of $13âŠ
The post DOGS Token Plunges 8%, Telegram Crypto Downturn Continues appeared first on Coin Edition.
