Massive DOGS Airdrop: 40 Billion Tokens Distributed in Two Days
The DOGS token, built on the TON blockchain, recently made headlines with its remarkable 40 billion token airdrop, distributed to 2.5 million users in just 48 hours. This distribution comes on the heels of a prior airdrop of 2.75 billion DOGS to Notcoin holders. 

The token's latest surge of 8% in value reflects increased market activity and growing interest, though concerns about high selling pressure remain. Despite its recent gains, the DOGS token is still trading 34% below its all-time high of $0.001644, recorded just over a week ago.
DOGS Token Price Surge and Market Challenges
The recent airdrop and subsequent surge in DOGS’ price to $0.001088 has attracted significant attention from both users and traders. Its market cap has climbed to $563.5 million, with trading volumes spiking by 23% to $482 million. 
However, concerns persist over the rising selling pressure, which could hinder further upward movement in the short term. The DOGS token has experienced a 25% loss in value following its initial airdrop, raising doubts about the sustainability of its recent gains.
Adding to the momentum was DOGS' listing as Binance’s 57th launch pool token, a move that initially drove its price up by 124%. Despite this, the token's volatility has led to a 34% drop from its ATH, signalling the potential for further declines if liquidity continues to rise.
While the current price surge is promising, the market remains cautious, particularly for users who experienced delays in receiving their airdrop through the TON wallet.
Conclusion
As DOGS price shows signs of recovery with an 8% surge following the latest airdrop, analysts and traders are cautiously optimistic. Some analysts suggest that a rebound could be on the horizon, with predictions indicating a 40% rally if key resistance levels are broken. While the DOGS token has attracted attention due to its rapid growth in user base and trading volumes, the risk of further declines remains, especially with the high selling pressure.

Visit: CoinGabbar

#dogs #dogsairdrop #airdrop #CoinGabbar

$DOGS is a cryptocurrency native to Telegram and built on the $TON blockchain, designed to reward users based on account activity and engagement duration. Initially launched with a community-focused airdrop, over 380 billion tokens were distributed to 20.5 million users. DOGS has since gained visibility, securing listings on major cryptocurrency exchanges, including Binance and OKX.

Analyst Insights

Analysts emphasize DOGS' distinctive integration with Telegram as a key strength, fostering adoption among a large and active user base. However, as a meme coin, DOGS is subject to significant volatility, with its long-term value largely dependent on sustained community support and market interest.

Investment Considerations

Experts advise caution when considering DOGS as an investment. While the token exhibits potential, its market movements remain speculative. DOGS may be suitable for high-risk, short-term traders, but it is not recommended for those seeking stability in the long term.