The Open Network (TON) experienced a six-hour outage on August 27 due to an overwhelming surge in activity from the newly launched DOGS meme coin, causing a breakdown in consensus as validators struggled to clear old transactions. The network resumed block production after a restart early on August 28. Despite the disruption, DOGS reached an all-time high before seeing a subsequent drop in price and trading volume. This incident occurred amid the recent arrest of Telegram co-founder Pavel Durov in France.

( professional Trader)